Executory Contract Or Lease
Legal definition for Indian law research
Definition
executory contract or lease
Generally includes contracts or leases under which both parties to the agreement have duties remaining to be performed. (If a contract or lease is executory, a debtor may assume it or reject it.)
Source: Administrative Office of the U.S. Courts
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.