In the event of a material breach, the nonbreaching party is discharged from further performance under the contract.

Name: In the event of a material breach, the nonbreaching party is discharged from further performance under the contract.
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This is known as the doctrine of anticipatory repudiation or breach of contract. When one party materially breaches a contract, it relieves the non-breaching party of their obligations under the agreement.

In the Event of a Material Breach, the Nonbreaching Party