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performing party СЪЩ ECON LAW

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performing party

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If such reasonable assurances are not given, it will constitute anticipatory repudiation, for which the performing party has various remedies, including termination. en.wikipedia.org

However, the repudiation can be retracted by the promising party so long as there has been no material change in the position of the performing party in the interim. en.wikipedia.org

When such an event occurs, the performing party to the contract is excused from having to fulfill his or her obligations. en.wikipedia.org

Instead, such an agreement constitutes a gift from the performing party to the non-performing party. en.wikipedia.org

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