executory in a sentence
a.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Executory refers to a contract or agreement in which the obligations of one or both parties remain to be fulfilled.
Sample Sentences
- The executory contract stipulates that the obligations of both parties must be fulfilled within a specified time frame.
- In real estate transactions, an executory agreement often binds the buyer and seller until the closing date.
- The court ruled that the executory nature of the contract prevented either party from withdrawing without facing penalties.
- During the negotiation, they included several executory clauses to ensure both sides would adhere to the agreed terms.
- Understanding the implications of an executory contract is essential for anyone involved in long-term agreements.