Which type of contract signifies that only certain obligations remain unfulfilled?

An executory contract is a type of contract where one or both parties have not yet fulfilled their contractual obligations. It signifies that while some actions or obligations may have occurred, there are still certain duties or performances that remain outstanding. This can refer to situations where, for example, a service has been partially completed or a payment has been made but not all terms of the agreement have been satisfied.

In the context of contracts, understanding the term "executory" is crucial, as it applies to agreements that are still in progress and not yet fully executed. This contrasts with fully executed contracts, where all obligations have been met by both parties. Recognizing this distinction is critical in various legal and business contexts, especially when assessing the status of agreements and the responsibilities of the involved parties.