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What does “repudiation of a contract” mean?

Parties to an agreement are often advised by their lawyers, when the other party has breached its contractual obligations, that that party has repudiated the contract. What, exactly, does repudiation mean, and what remedies does the innocent party have as a result of that repudiation? The case law has held that repudiation of a contract

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SA Branch Phone: +27 (0)21 914 0513
Namibia Branch Phone: +264 (0)81 143 6980
SA Branch: Ben Groot Attorneys Inc (2012/051739/21)
Namibia Branch: Michelle Saaiman Inc (2017/1088)