Executory Contract

Definition of Executory Contract

A contract that has not as yet been fully completed or performed. A contract the obligation (performance) of which relates to the future. Wagstaff v. Peters, 203 Kan. 108, 453 P.2d 120, 124. Compare Executed contract.

That's the definition of Executory Contract in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.