- Published on
Legal Terms - Bilateral Discharge
An executory contract refers to the termination of a contract by mutual agreement before either party has fulfilled their duties. Both parties provide payment in order to release each other from their current duties, thus agreeing to discharge the agreement.
An executory contract refers to the termination of a contract by mutual agreement before either party has fulfilled their duties. Both parties provide payment in order to release each other from their current duties, thus agreeing to discharge the agreement.
0 Comments