How do fiduciary duties intersect with executory obligations in certain relationships?

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 ... Oct 5, 2021 ... ... executory contract.”[1] There is no blanket rule as to whether LLC operating agreements are executory. Courts must examine each operating ... 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 ... Oct 25, 2024 ... Executory contracts are contracts where the debtor and the non-bankrupt counterparty each have material obligations left to perform as of the ... Apr 22, 2023 ... This memo explains the advantages and disadvantages of executory arbitration, its legality, its perception by the general public, and its implications. May 31, 2007 ... Background. In general, an accrual-basis taxpayer is allowed a deduction for an otherwise deductible expense in the period in which the ... Executory contracts such as contracts for deed, lease-purchases, and lease-options have long been tools of Texas residential real estate sellers. Jun 10, 2021 ... The ability to assume or reject executory contracts is one of the primary tools used by debtors in a Chapter 11 reorganization. Executory refers to something (generally a contract ) that has not yet been fully performed or completed and is therefore considered imperfect or unassured ... 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.