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Anticipatory Breach
A situation in contract law where one party indicates by words or actions that they will not fulfill their contractual obligations before the due time for performance.
Specific Performance
A court-ordered mandate requiring a party to fulfill their obligations under a contract, typically used when monetary damages are insufficient.
Frustrated
In legal terms, refers to a contract that cannot be fulfilled due to unforeseen circumstances, rendering the obligations impractical or impossible to perform.
Condition Precedent
A condition under which the obligations of a contract will begin; also called “subject-to” clause.
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