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is (are) undertaken to help identify problems that are perhaps not apparent on the surface and yet exist or are likely to arise in the future.
Anticipatory Repudiation
A declaration or action by a party indicating they will not fulfill their contractual obligations, allowing the other party to terminate the contract and seek damages.
Nonbreaching Party
The party in a contractual agreement who has not violated the contract's terms.
Rights
Entitlements or permissions, either legally guaranteed or morally granted, to perform or not perform certain actions.
Contractual Obligations
Duties that parties are legally bound to perform under a contract.
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