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单词 Executory contract
释义

Executory contract

英语例句库

An executory contract applies to a contract that is still partially or entirely unperformed by one or more parties.

待履行的合同是指一方或多方当事人部分未履行或完全未履行的合同。

英语百科

Executory contract

An executory contract is a contract that has not yet been fully performed, that is to say, fully executed. Put another way, it's a contract under which both sides still have important performance remaining. However, an obligation to pay money, although such obligation is material, does not usually make a contract executory. An obligation is material if a breach of contract would result from the failure to satisfy the obligation. A contract that has been fully performed by one party but not by the other party is classified as an executory contract.

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