12:56
UPenn pull thru 🙏
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
total repudiation
Read a random definition: sole proprietorship
A quick definition of total repudiation:
Total repudiation is when one party unconditionally refuses to perform the acts required by a contract. This means they won't do what they promised to do. The other party can then stop doing their part of the contract too. It's like when you make a deal with your friend to trade toys, but then your friend says they don't want to trade anymore. You don't have to give them your toy either.
A more thorough explanation:
Definition: Total repudiation is an unconditional refusal by a party to perform the acts required by a contract.
For example, if a company agrees to deliver a product to another company on a specific date but then refuses to do so without any valid reason, it is considered total repudiation. This type of repudiation justifies the other party in refraining from performance.
Total repudiation is different from anticipatory repudiation, which is the repudiation of a contractual duty before the time for performance. Anticipatory repudiation gives the injured party an immediate right to damages for total breach, as well as discharging the injured party's remaining duties of performance.
Overall, total repudiation is a serious breach of contract that can have legal consequences for the party that refuses to perform their obligations.