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26 April, 16:55

After company x enters into a contract with company y, it advises company y of its intent to not honor its contractual obligations. what can company x be sued for?

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  1. 26 April, 17:14
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    Anticipatory repudiation/anticipatory breach

    This means that company Y anticipates that company X does not intend to to honor the contract based on what they were told. Even if the breach hasn't occurred yet, company Y can begin the lawsuit/recovery process because of the anticipation of loss.
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