Common law termination rights vs indefinite contract

I'm inolved as a party in a contract, which has been repudiated by the other party, since he has demonstrated that he's not willing to perfom his contractual obligations at all.  The contract is unfortunately very vauge on termination rights.  It only says that its "duration is unlimited and may be brought to an end by a written agreement executed by the parties, but not otherwise." 

My question is that notwithstanding the very limited contractual termination rights, do I still retain termination rights under common law for repudiatory breach, so that I can finally end the contract in order to not being hold hostage by it any more and to have the possibility for claiming damages because of the other party's non-performance? 

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