Explain the ongoing obligations of the agent to act on behalf of the principal.

Mar 9, 2015 ... Executory Contracts – The Whole is Greater than the Sum of its Parts ... Determining whether a contract is executory and, thereby, subject to ... Sep 30, 2024 ... An executory contract is defined as a contract where both parties have ongoing obligations to perform under its terms. The legal definition ... executory contract or unexpired lease. . . .”1 In determining that the License was an executory contract, the bankruptcy court applied the “Countryman ... Feb 7, 2025 ... Main takeaways from this article: · A contract becomes enforceable as soon as all necessary parties sign it, ensuring everyone is committed to ... adjective · executive. · Law. to be performed or executed. Discover More. Word History and Origins. Origin of executory. 1400–50; late Middle English executorie ... Jan 2, 2025 ... An executory contract is a legally binding agreement where both parties have ongoing responsibilities to fulfill. Oct 10, 2022 ... This article summarizes non-debtors' rights and protections in the treatment of executory contracts other than non-residential, real property leases. Dec 30, 2013 ... An executory contract is simply a contract in which one or more parties have remaining obligations. A way of rephrasing an executory contract is ... 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 ... May 28, 2021 ... The Third Circuit follows the “Countryman test” for determining whether a contract is executory or non-executory.