Concept information
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organization studies encyc
approaches to management theory
strategic management
political environments
Preferred term
contract repudiation
Definition
- Repudiation is a term used to describe circumstances where a party acts or expresses intent not to accept the obligation of a contract, hence the term contract repudiation. Repudiation amounts to a breach of contract where the refusal to perform is clear. [Source: Encyclopedia of Business in Today's World; Contract Repudiation]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/contract_repudiation
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