One party to a contract informing the other of his or her intent not to perform before performance is due. A legal action may be brought even though the original contract (not yet due for performance) has not been breached. Example: The buyer informs the seller before the closing date of his or her intent not to buy.
a breach of contract committed prior to the time of required performance
an unequivocal indication that the party will not perform when performance is due
a present breach of contract, and the non-breaching party may seek damages immediately
A breach of contract that occurs when one party, such as the employee, states in advance of performance that he/she will definitely not perform under the terms of his/her contract.
A communication that informs a party that the obligations of the original contract will not be fulfilled.
Advance notice of intention to violate the terms of a contract. Back to the Top
In a contract, when one party reneges on the agreement, the other party is notified and is no longer responsible for fulfilling their end of the agreement.
A communication informing a party to a contract that one or more obligations of the original contract will not be fulfilled.
A notification that one party to a contract plans to renege, releasing the other party from having to fulfill its end of the agreement.
Communication (usually by letter) informing one party, by the other party, that the terms of the original contract will not be fulfilled.