executory contract



Contract under execution, or where one or more parties have not yet performed their duties as stipulated in the contract document. An ongoing lease agreement is an executory contract.

Use executory contract in a sentence

  • They had an executory contract in place and it mad everyone a bit nervous because they had not performed what they were supposed to yet.

    20 people found this helpful
  • You should always make sure that you do everything that an executory contract says or it may have to be voided.

    18 people found this helpful
  • You need to always keep up to task on anything from an executory contract so that you know you have fulfilled all your duties.

    15 people found this helpful
Show more usage examples...


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z