How do express and implied conditions relate to the executory aspects of an agreement? What is the parol evidence rule and how does it apply to executory contracts?

An executory contract is an ongoing agreement between two parties who are responsible for completing certain obligations over a set period of time. They are ... Jun 22, 2004 ... The treatment of those contracts which are “executory” is set forth ... executory contract or unexpired lease at any time prior to the ... executory contract or unexpired lease. . . .”1 In determining that the License was an executory contract, the bankruptcy court applied the “Countryman ... Jan 2, 2025 ... An executory contract is a legally binding agreement where both parties have ongoing responsibilities to fulfill. May 31, 2021 ... It is common to hear that a contract to buy/sell is "fully executed" when all parties have signed (weeks or months away from closing). Jun 24, 2021 ... The Third Circuit was asked to decide whether a work made for hire contract was executory. Under the contract, a movie company (TWC) agreed to pay a producer a ... May 27, 2021 ... The Third Circuit follows the so-called Countryman test for determining whether a contract is executory or non-executory. Under section 365 of the Bankruptcy Code, the Debtor has the option to either assume or reject unexpired leases and executory contracts. (In simple terms, an ... 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 ... 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 ...