So, you made an agreement with your bestie to go to a ballgame this weekend and he or she backed out on the deal? Hey hey, Doris Day...don’t get your panties in a bunch. (If you SERIOUSLY don’t know who Doris Day is, you should bow in shame right now. Better yet, hop on one foot, rub your belly, and shout your apologies at the top of your lungs. We’ll be waiting with a YouTube crew to capture the moment.)
Now let’s get to the fun stuff. Anticipatory breach is a massive legal term for flaking. But not in terms of besties.
It means a party to a contract anticipates a breach, either because it has been made clear that the other party does not intend to comply with the contract, or it has been implied that actions or events will affect the contract. In this event, the party that will be harmed can begin the legal process to have the court determine what the rights of the parties are under the contract (lawsuit, baby, an action for declaratory judgement).
Related or Semi-related Video
Finance: What is Consent To Service Of P...156 Views
Finance a la shmoop what is consent to service of process alright well it's [Woman appears on stage]
like when you in tone ironically so sue me and they do or at least they can
well this phrase consent to service of process is a legal acceptance of
financial responsibility when you set up your company in whatever form in [Women discussing company matters]
whatever given state that is when you consent to being served lawsuit papers
at your address of record it makes it all the easier for well whoever to sue [Lawyer gives woman a lawsuit]
you they don't have to hunt you down in the woods or wait for you to show up at
your PO-- box or to try to ID you in a you know Where's Waldo drawing it's hard [Waldo appears in a crowd and runs away]
to do well all they have to do is send what's called a process server basically
registered mail who identifies you and then he you know takes a selfie of [Man takes a selfie with a woman]
himself serving you papers ie handing you an envelope stating that you are
being served well the state had to require this consent because too many
deadbeat companies absconded with unpaid bills unserved responsibilities in
contracts and other omissions that finally force the government to say
enough if you want to do business in our neck of the woods then you'll consent to [Government working demanding consent]
being sued easily and being served yeah don't worry it only hurts the first time
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