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- An executory contract is a contract made by two parties in which the terms are set to be fulfilled at a later date. The contract stipulates that both sides still have duties to perform before it becomes fully executed. The contract is often in place between a debtor or borrower and another party.
legaldictionary.net/executory-contract/
Dec 19, 2014 · An executory contract is a contract made by two parties in which the terms are set to be fulfilled at a later date. The contract stipulates that both sides still have duties to perform before it becomes fully executed. The contract is often in place between a debtor or borrower and another party.
An executory contract is a type of agreement between parties in which some future act or obligation remains to be performed. This means that the completion of the contract's terms and conditions is contingent on one or more parties fulfilling certain actions or duties in the future.
What is an executory contract, and why does it matter in business transactions and law? An executory contract is a legally binding agreement where both parties have outstanding obligations to perform, crucial in sectors like real estate, technology, and more.
Jul 5, 2024 · Executory, in legal terms, refers to a contract or agreement in which some or all of the terms and obligations have yet to be fulfilled by one or more parties. These are contracts that are still in progress, with future actions or performances required to complete the agreement.
What does "executory contract" mean in legal documents? An executory contract is a type of agreement where one or both parties still have obligations to fulfill. Imagine you and a friend agree to trade your old video games for a new board game.
EXECUTORY CONTRACT Definition & Legal Meaning. Definition & Citations: Contractual obligation fulfillment actively being done. Some contractual expectations are yet to be done by one or more parties. An ongoing lease agreement is an example. Find the legal definition of EXECUTORY CONTRACT from Black's Law Dictionary, 2nd Edition.
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What does an "executory contract" mean? An "executory contract" is a type of agreement where both parties still have obligations to fulfill. For example, if you sign a lease for an apartment, you have to pay rent, and the landlord has to provide you with a place to live.
