The Law Dictionary

EXEMPT

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

(verb) - To relieve, excuse, or set free from a duty or service imposed upon the general class to which the individual exempted belongs; as to exempt from militia service. See 1 St at Large, 272. To relieve certain classes of property from liability to sale on execution.(noun) - One who is free from liabillty to military service; as distinguished from a detail, who is one … [Read more...]

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...]

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