Anticipatory Breach Legal Meaning and Definition

Here is a simplified definition of the legal term Anticipatory Breach.

Anticipatory Breach (noun): It is a legal term used in contract law that refers to a situation where one party indicates to the other that they are not going to fulfill their obligations under the contract, before the time for performance is due. This can be done either through express words or acts strongly suggesting they won't perform on time. The party that receives this indication is given the right to take legal action for breach of contract immediately, instead of having to wait until the time agreed upon for performance.