How do courts interpret and enforce "best efforts" obligations?

The Third Circuit issued an opinion in the high-profile bankruptcy of The Weinstein Company, LLC (TWC) clarifying precisely what ingredients are needed to make ... 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. May 2, 2023 ... A streamlined judicial process known as executory process foreclosure, allowing a creditor to get to a sale of the property within 75-120 days of filing the ... The easiest way to understand an executory interest is that it is any future interest that is not a remainder interest. However, executory interests are ... ... executed, the executory contract: (1) is considered completed; and. (2) has no further effect. (g) The appropriate use of forms published by the Texas Real ... An executory interest is going to cut short the previous estate before it would have ended naturally. The condition that cuts short the estate is a condition ... Jul 1, 2018 ... ON EXECUTORY CONTRACTS AND LEASES, ABI COMMISSION TO. STUDY THE REFORM OF CHAPTER 11: EXECUTIVE SUMMARY REGARDING SECTION 365 ISSUES 1. (2013) [ ... The "executory process" is a faster way for lenders (like banks) to sell someone's property when they haven't been able to pay their debts. It's a quicker court ... The Bankruptcy Code refers to executory contracts in 11 USC § 365, it unfortunately does not provide a definition for this term. executory adjective (ADMINISTRATIVE). relating to the arrangements for making decisions and managing businesses: Only they have the executory power to make a ...