executory contract


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executory contract

A contract under which one or more parties has not yet completed their performance.

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On November 10, 2015, there was a hearing on Debtor's Motion to Reject the Executory Contract between the Debtor and the Trust.
For a "US person" to sign such an executory contract before Implementation Day would be dealing in property or an interest in property involving Iran or a Specially Designated National, which is prohibited by current US regulations as applicable to "US persons.
Given the prevalence of executory contract liabilities and materiality of their amounts for many accrual-method businesses, as well as the widespread use of the recurring-item exception to accelerate deductions, taxpayers would be wise to review their current treatment of prepaid and accrued expenses that are subject to the all-events test, for consistency with the Tax Court's decision.
is an executory contract, and federalism issues regarding treatment of
For the lessee, FASB and the International Accounting Standards Board (the boards) have proposed a right-of-use model that is a hybrid form of the executory contract model.
Since the federal bankruptcy code does not (1) specifically recognize the dealer protection provisions of the ADFA; and (2) include specific protections/compensation for franchisees that are injured through executory contract termination, Gonzalez determined that the merits of the case should be decided through sole reliance on the provisions of U.
95) In its ruling, the court expressly avoided resolving whether the regulation required a license before any executory contract could be formed with a designated national.
An executory contract is "a contract under which the
This uncertainty was caused by a circuit court holding that treated an IP license as an executory contract in the licensor's chapter I 1 case and arguably viewed rejection as terminating the continued use rights of the licensee.
An executory contract is an agreement in which both parties have
The association argued that this was an executory contract that had obligations on both sides.
One of the biggest decisions to make after bankruptcy is filed is whether to assume or reject an unexpired lease or executory contract.