Repudiation refers to the act of rejecting, disavowing, or refusing to accept something, particularly a contractual obligation or agreement. In legal contexts, repudiation typically occurs when one party to a contract explicitly or implicitly indicates that they no longer intend to fulfil their obligations under the contract. This can happen through words, actions, or a failure to perform as required by the agreement. Repudiation may lead to a breach of contract, allowing the other party to pursue legal remedies such as termination of the contract, damages, or specific performance. Repudiation can have significant legal consequences and may result in disputes between parties seeking to enforce their contractual rights.
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This glossary post was last updated: 29th March, 2024.
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