Repudiation: Difference between revisions

===In the [[Master trading agreement|Master Trading Agreements]]===

Both the {{2002ma}} and the {{gmsla}} have a repudiation as a specific {{isdaprov|Event of Default}}<ref>{{gmslaprov|Repudiation}} under the {{gmsla}} and {{isdaprov|Repudiation of Agreement}} under the {{2002ma}}.</ref>, though it doesn’t really need to be — if the other guy has indicated he doesn’t regard the {{t|contract}} as being binding on him, you can terminate and sue for [[damages]], and those damages are hardly likely to be lower (or, really, different) than you would get under the [[close-out]] procedure prescribed in the {{t|contract}}. But anyway, a some what arid debate all told; people don’t really argue about repudiation.

{{sa}}

*[[Time is of the essence]]