Massachusetts Executory Contracts and Unexpired Leases - Schedule G - Form 6G - Post 2005

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Description

This form is Schedule G. The form lists executory contracts and unexpired leases. The form also contains the following information: the description of the contract, the name and mailing address of other parties having an interest in the lease or contract. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.


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FAQ

Executed contracts are contracts wherein the obligations of both parties have been completed. On the other hand, Executory contracts are contracts that have been agreed upon but have not been fully completed yet.

An executory contract is one where the debtor is a party but neither party has fulfilled its obligations under the contract. An unexpired lease is a common example of an executory contract ? the lessor has not given its leasehold for the full term of the lease yet, nor has the debtor paid for the full term.

What are ?executory contracts? and ?unexpired leases?? An executory contract is a contract where both parties still have important things to do. An equipment lease is an executory contract. An unexpired lease is a lease that is ongoing like a car or truck lease or an apartment lease.

An executory contract is an ongoing agreement between two parties who are responsible for completing certain obligations over a set period of time. They are written agreements that ensure each party is clear about their own and the other's responsibilities.

Executory refers to something (generally a contract) that has not yet been fully performed or completed and is therefore considered imperfect or unassured until its full execution. Anything executory is started and not yet finished, or is in the process of being completed in order to take full effect at a future time.

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Massachusetts Executory Contracts and Unexpired Leases - Schedule G - Form 6G - Post 2005