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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.
Find the legal definition of EXECUTORY CONTRACT from Black's Law Dictionary, 2nd Edition. Contractual obligation fulfillment actively being done. Some contractual expectations are yet to be done by one or more parties.
An executory contract refers to a contractual agreement which has been made, but performance remains wholly or partly unperformed by both parties. The terms of the contract are set to be fulfilled at a later date.
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.
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.
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An executory contract is defined as a contract where both parties have ongoing obligations to perform under its terms. The legal definition emphasises the mutual responsibility to fulfils future duties, which distinguishes it from contracts that are already fully executed.
