Discuss the challenges of defining and measuring compliance with a "best efforts" clause in an executory agreement.

1. Designed or of such a nature as to be executed in time to come or to take effect on a future contingency. 2. Relating to administration. Executory costs are amounts such as insurance, maintenance, and taxes paid in connection with leased property. Executory costs are not included in minimum lease ... Executory Cost. Executory costs are expenses that are incurred to maintain and preserve property, whether it's leased or owned. They are often associated with ... Jun 23, 2021 ... The prepetition entry of a court order which required specific performance of a contract rendered the contract non-executory and, therefore, non-rejectable. executory adjective (ADMINISTRATIVE). relating to the arrangements for making decisions and managing businesses: Only they have the executory power to make a ... Jul 9, 2024 ... An executory trust exists where property is held on a current trust, but there is an obligation to execute a further, final trust instrument respecting the ... Nov 20, 2024 ... Contract execution is when a contract is fully signed. It is now a legally binding, executed contract. A business relationship is created – and ... If the settlement agreement was found to be executory then section 365 of the Bankruptcy Code would allow the contract to still be assumed. However, since these ... Mar 25, 2024 ... An executed contract is the final product of a legally binding, enforceable agreement between parties. This contract “can be in the form of a ... Jun 17, 2022 ... An Executory Contract is an Agreement in Which Each Side has at Least one. Material Unperformed Obligation at the Time of the Bankruptcy Filing.