repudiation n: the rejection or renunciation of a duty or obligation (as under a contract)
: anticipatory repudiation NOTE: A party aggrieved by a repudiation may consider a repudiated contract to have been breached and bring an action for relief.
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.