Executory contracts
Term · Law · MLC-T-LAW-000100
A contract under which both parties have material duties remaining to be performed. If a contract is executory, a debtor may assume or reject it, subject to court approval. See “assume.”
| Identifier | MLC-T-LAW-000100 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
| See also | Assume |
Record as JSON
{
"id": "MLC-T-LAW-000100",
"term": "Executory contracts",
"field": "Law",
"definition": "A contract under which both parties have material duties remaining to be performed. If a contract is executory, a debtor may assume or reject it, subject to court approval. See “assume.”",
"see_also": [
"Assume"
],
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/executory-contracts/"
}
Record 100 of 241 in Law terminology (MLC-0107). Request the full dataset.