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Implied Contract
An agreement created by actions of the parties involved, rather than written or spoken words, which has the same legal force as a written contract.
Executed Contract
A contract in which all parties involved have fulfilled their obligations as outlined in the agreement.
Executory Contract
A contract that has not yet been fully performed.
Executory
Executory refers to a contract or agreement in which some future act or obligation remains to be performed under its terms.
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