n. when a party to a contract repudiates (reneges on) his/her obl...

When a party to a contract declares that he or she will not be performing his or her contractural obligations, either by word (for example, "I won't deliver the rest of the goods") or b [..]

see breach

An anticipatory breach of contract is a failure to live up to a contract term before the actual time for performance has arrived. It is often occurs when one party states an intention not to fulfill o [..]

Occurs when one party to a contract, prior to time of performance, informs the other of his or her intent not to perform. Example The buyer informs the seller before the closing date of his or her intent not to buy.

n. when a party to a contract repudiates (reneges on) his/her obligations under that contract before fully performing those obligations. This can be by word ("I won't deliver the rest of the [..]

This arises where a party shows by express words or by implications from his conduct that he does not intend to perform the contract.