Executory
Term · Law · MLC-T-LAW-001973
Describing a contract or agreement where some future act or obligation remains to be performed by one or both parties. The terms of the agreement are set, but the full exchange of promises or actions has not yet occurred. An executory contract is still in progress and not fully completed.
| Identifier | MLC-T-LAW-001973 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001973",
"term": "Executory",
"field": "Law",
"definition": "Describing a contract or agreement where some future act or obligation remains to be performed by one or both parties. The terms of the agreement are set, but the full exchange of promises or actions has not yet occurred. An executory contract is still in progress and not fully completed.",
"url": "https://mlchart.com/terminology/law/executory/"
}
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