A contract that is not fully carried out is often referred to as an "incomplete contract" or "partially executed contract." In legal terms, it may also be described as a "breached contract" if one party fails to fulfill their obligations. Such contracts can lead to disputes or require legal remedies to address the unfulfilled terms.
The term "fully executed" does not need to be hyphenated. It is commonly used as an adjective phrase to describe something that has been completed or carried out in its entirety. Hyphenation is typically unnecessary unless it precedes a noun, such as "fully-executed contract." In general usage, "fully executed" is clear and correctly understood without the hyphen.
There are two meanings for a fully executed contract: 1.) When signed by both parties. 2.) When the contract has been fully performed by both parties.
A contract that has not yet been fully performed by the parties is called an executory contract.
example of a situation in which a contract has become truly impossible to perform
When a contract is ended because it is frustrated. Frustration means that it becomes impossible to carry out the terms of the contract. It could be nobodies fault, or it could be the fault of one of the parties.
"Executed contract" can have two meanings.It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.It can mean that all the terms of a contract have been carried out.
The holder/purchaser/owner of a call option contract has the right to buy an asset (or call the asset away) from a writer/seller of a call option contract at the pre-determined contract or strike price. The holder/purchaser/owner of a call option contract expects the price of the underlying asset to rise during the term or duration of the call contract, for as the value of the underlying asset increases so does the value of the call option contract. Conversely, the write/seller of a call option contract expects the price of the underlying asset to remain stable or to decline. The holder/purchaser/owner of a put option contract has the right to sell an asset (or put the asset) to a writer/seller of a put option contract at the pre-determined contract or strike price. The holder/purchaser/owner of a put option contract expects the price of the underlying asset to decline during the term or duration of the put contract, for as the value of the underlying asset declines the contract value increases. Conversely, the writer/seller of a put option contract expects the price of the underlying asset to remain stable or to rise.
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if there is no date specify this does not mean there is a breach. for a breach to occur one of the parties to a contract must not have fully performed their obligations. if there is no date specified in the contract the courts will apply a reasonable date