A New Mexico Motion to Assume/Reject Executory Contract is a legal document filed by a debtor in a bankruptcy case to either assume or reject an executory contract. An executory contract is an agreement that has yet to be fully performed by either party, and it can include leases, employment agreements, supplier contracts, and other agreements. The New Mexico Motion to Assume/Reject Executory Contract must be filed with the U.S. Bankruptcy Court within a certain amount of time, and it is typically filed with a copy of the executory contract attached. It must include a statement indicating why the debtor is seeking to either assume or reject the contract. In the event that the debtor is seeking to assume the executory contract, they must also provide a statement of their intent to perform the terms of the contract, as well as the details of any proposed modifications to the contract. There are two types of New Mexico Motion to Assume/Reject Executory Contract: Motion to Assume and Motion to Reject. A Motion to Assume is a request for the court to allow a debtor to assume an executory contract. A Motion to Reject is a request to allow a debtor to reject an executory contract.