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An executory contract is a contract that has not yet been fully performed or fully executed. [1] It is a contract in which both sides still have important performance remaining. However, an obligation to pay money, even if such obligation is material, does not usually make a contract executory.
A contract is an agreement that specifies certain legally ... form a provision of the contract. Implied terms are fully ... it is an executed contract.
In law and accounting, a debt, bill, invoice, or claim that has been fully paid; an executed contract Topics referred to by the same term This disambiguation page lists articles associated with the title Paid in Full .
But sources tell CBS Sports — and UNC confirmed this week — that there is no fully executed and signed contract between Belichick and UNC. And industry sources say that could lead to a legal ...
The bond penalty is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that, should the bidder be successful, the bidder will execute the contract and provide the required surety bonds .
In contract law, an integration clause, merger clause, (sometimes, particularly in the United Kingdom, referred to as an entire agreement clause) [1] is a clause in a written contract which declares that contract to be the complete and final agreement between the parties. It is often placed at or towards the end of the contract.
The idea of a complete contract is closely related to the notion of default rules, e.g. legal rules that will fill the gap in a contract in the absence of an agreed upon provision. In economics, the field of contract theory can be subdivided into the theory of complete contracts and the theory of incomplete contracts. [1]
Signature - In the signature phase, the contract is signed by whoever needs to sign it in order to become official (who signs the contract is unique to each business). If contract lifecycle management software is used, the signature stage can be done electronically via the internet which drastically reduces the amount of time this stage takes.
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