Economic and Legal Analysis of Anticipatory Breach

The time when breach of contract is realized, has developed various rules in different legal systems. In some countries, the contract is recognized as being breached when in addition to the expiration of the obligation term, creditor has claimed the performance thereof. In other countries, it is necessary and also sufficient that the obligation term gets expired. However in other legal systems, prediction of breach in future makes applicable the sanctions related to a real breach of contract. In this article with explanation of the meaning of anticipatory breach and economic analysis thereof in micro and macro levels, the validity of this institution in international and domestic systems are analyzed.