re·pu·di·a·tion /ri-ˌpyü-dē-'ā-shən/ n: the rejection or renunciation of a duty or obligation (as under a contract); esp: anticipatory repudiation
◇ A party aggrieved by a repudiation may consider a repudiated contract to have been breached and bring an action for relief.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.