What rights arise when one party anticipatorily repudiates a contract?

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Anticipatory repudiation happens when one party clearly signals they won’t perform when due. That gives the non-repudiating party an election of remedies. They can treat the repudiation as a breach and sue right away for damages, or they can suspend their own performance and wait to see if the other party will perform; if performance never occurs, they can sue later for damages. There’s no automatic rescission with no damages, and no requirement to try to cure the breach first.