The Law Dictionary

EXECUTORY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

That which is yet to be executed or performed; that which remains to be carried into operation or effect; incomplete ; depending upon a future performance or event. The opposite of executed. Executory consideration. A consideration which is to be performed after the contract for which it is a consideration is made. Executory fines. These are the fines sur cognisance de droit … [Read more...]

EXEMPT EMPLOYEE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An employee who is not entitled to overtime pay for overtime worked as per the Fair Labor Standards Act. … [Read more...]

EXECUTORY CONTRACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A contract that requires something occur in the future in order for it to be completed. … [Read more...]

EXECUTORY DEVISE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

estates. An executory devise is a limitation by will of a future contingent interest in lands, contrary to the rules of limitation of contingent estate is in conveyances at law. When the limitation by will does not depart from those rules prescribed for the government of contingent remainders, it is, in that case, a contingent remainder, and not an executory devise. 2. An … [Read more...]

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