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Anticipatory Repudiation
A party's declaration to not fulfill their obligations under a contract before the performance is due.
Total Breach
A complete failure to perform or fulfill contractual obligations, resulting in the termination of the contract.
Implied Covenant
An obligation between parties that is not explicitly stated in a contract but is presumed to exist to facilitate the contract's purpose and ensure fairness.
Good Faith
Conducting oneself with honesty, fairness, and sincerity in dealings or transactions, without the intention to deceive or defraud.
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