Relating to or designed to carry out or execute; in law, referring to something that remains to be executed or performed (not yet completed).
From Latin executorus (able to execute), from executor. In legal contexts, it contrasts with 'executed' (already completed).
An 'executory contract' is one where obligations remain unfulfilled—it's a crucial legal distinction because until a contract is fully executed, both parties still have escape routes and legal recourse.
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