By an anticipatory breach, we mean the scenario where any contract is not met or fulfilled. This also means that a legal remedy is required thereafter.
Anticipatory breach of contract occurs whenever an action showcases any party’s intentions for failing to meet/fulfill legal and contractual commitments/obligations to another. This may end the responsibility of the counter-party with regard to performing its responsibilities or duties. The counter-party can take legal action on the grounds of actions that show the intentions of the other party with regard to breaching any contract. An anticipatory breach of a contract is also called anticipatory repudiation in some cases.
Any anticipatory breach may occur in the real estate sector, whenever any counter-party takes legal action on such grounds. This may pertain to agreements/contracts between real estate developers/builders and buyers, real estate entities and their associates, landlords and tenants, and so on. These require legal remediation afterwards.
