(810 ILCS 5/2-611)
(from Ch. 26, par. 2-611)
Retraction of anticipatory repudiation.
(1) Until the repudiating party's next performance is due he can retract
his repudiation unless the aggrieved party has since the repudiation
cancelled or materially changed his position or otherwise indicated that he
considers the repudiation final.
(2) Retraction may be by any method which clearly indicates to the
aggrieved party that the repudiating party intends to perform, but must
include any assurance justifiably demanded under the provisions of this
Article (Section 2-609).
(3) Retraction reinstates the repudiating party's rights under the
contract with due excuse and allowance to the aggrieved party for any delay
occasioned by the repudiation.
(Source: Laws 1961, p. 2101