What is anticipatory repudiation?

Anticipatory repudiation is a term in contract law that applies when the party to a contract indicates that they do not intend to uphold their part of the agreement before the obligations of the contract have been fulfilled. This can happen in the form of verbal or written statements. In Mississippi, anticipatory repudiation is considered a breach of contract. The party that is wrongfully repudiating the contract can be found liable for any monetary losses or damages that may have been sustained by the other party. Typically, a party repudiating a contract must take reasonable steps to notify the other party in order for the repudiation to be effective. Mississippi law states that a notification of anticipatory repudiation is not effective if the party repudiating the contract fails to provide notice to the other party within a reasonable time prior to the date when performance of the agreement is due. It is important that the parties to a contract in Mississippi take steps to protect their rights and interests in the face of anticipatory repudiation. If the parties are unable to reach a resolution on their own, they can always consult with an attorney to determine what the best course of action is for their particular situation.

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What is anticipatory repudiation?

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