Running a small business seems to become more challenging every day. Not only must you comply with an increasingly complex set of laws and regulations, but you also must likely work with contractors. If one of your contractors fails to deliver, you may be unable to meet customer expectations. You may also have financial losses or missed business opportunities.
Sometimes, it becomes clear that a contractor either cannot or will not complete the contract. You probably do not need to wait until the completion date arrives to protect your business interests. With anticipatory repudiation, you may be able to free your small business from the terms of the contract.