executory contract
Definition
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.
email to a friend
print this definition
cite this definition
link to this page
executory contract is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
executory contract appears in the definition of the following term: executory cost
This content can be found on the following page:
http://www.businessdictionary.com/definition/executory-contract.html