How does the use of smart contracts relate to the concept of executory agreements? What are the ethical considerations in entering into and performing executory contracts?

Jan 2, 2025 ... An executory contract is a legally binding agreement where both parties have ongoing responsibilities to fulfill. An executory contract refers to a contractual agreement which has been made, but performance remains wholly or partly unperformed by both parties. The terms of ... A general receiver may assume or reject any executory contract or unexpired lease of the person over whose property the receiver is appointed. Jun 13, 2024 ... An executory contract is a legal agreement in which the parties involved have ongoing duties to perform over a specific period of time. 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 refers to something (generally a contract ) that has not yet been fully performed or completed and is therefore considered imperfect or unassured ... Oct 7, 2015 ... Herein, let's assume that the LLC agreement is executory, because the obligations of both Debtor and the other members of Company's operating ... Mar 18, 2009 ... The bankruptcy trustee may either affirm and accept (assume) or terminate and surrender (reject) an executory contract or unexpired lease.17 The ... May 19, 2009 ... Rules Governing Executory Contracts and Unexpired Leases. – What is an executory contract? • No statutory definition. • Generally, any ... This is an example of an executed contract; a contract in which the promises are made and completed immediately, like in the purchase of a product or service.