Anticipatory Repudiation

The video explains the concept of anticipatory repudiation in contracts, where one party can back out if they anticipate the other party will breach the agreement. It discusses the conditions under which repudiation is justified, the right to demand assurance from the other party, and the possibility of withdrawing repudiation if certain conditions are met.

What is the significance of demanding reasonable assurance from the other party?

What conditions must be met for a party to withdraw their repudiation of a contract?