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Where was Thales from?
Executory Contract
A contract yet to be performed; a contract at the stage when an agreement has been made but before performance is due.
Example
A representative instance or case used to illustrate a principle, pattern, or procedure.
Executed Contract
A fully performed contract; a contract at the stage when both parties have performed or fulfilled their obligations.
Example
An illustration or instance used to explain or support a statement or principle.
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