When might a party choose to include a "best efforts" clause in their executory contract? How do warranties function in the context of executory contracts?

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. Section 365(a) of the Bankruptcy Code provides that a trustee or debtor in possession may assume or reject an unexpired lease or executory contract. In many. Feb 13, 2017 ... “Executory Contract” is a defined term under the Plan and means “a contract or unexpired lease to which one or more of the Debtors is a party ... 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. Jun 17, 2022 ... An Executory Contract is an Agreement in Which Each Side has at Least one. Material Unperformed Obligation at the Time of the Bankruptcy Filing. 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 ... McGillin's executed a Supply Contract, whereby. Baines will be the exclusive supplier of Mozzy's to all McGillin's locations. Through the Supply Contract, ... Executory Accord: An Accord which has not yet been performed. An Accord is an agreement in which one party to an existing contract agrees to ... 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. 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 ...