Mid City Network

Executory defention

An executory contract is a legally binding agreement where both parties have obligations to fulfill, and neither party has yet to fully perform their obligations:

Definition
An executory contract is an ongoing agreement where both parties have unfulfilled obligations.

Examples
Leases and contracts for the sale of goods where the seller has not delivered the goods and the buyer has not paid are examples of executory contracts.

REAL ESTATE AHOLICS