Legal Aspects of Management
Anticipatory breach occurs when one party indicates, either through words or actions, that they will not fulfill their contractual obligations before the time of performance arrives. This concept is important because it allows the other party to seek remedies and potentially mitigate damages before the contract is actually breached, ensuring that parties are not left in uncertainty regarding their agreements.
congrats on reading the definition of Anticipatory Breach. now let's actually learn it.