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Typically, a sales contract with a retention of title clause is treated as an executory contract.
附有保留所有权条款的销售合同一般作为待履行合同处理。
What exactly is part of the estate may depend on whether an asset is encumbered or not, or is held subject to an executory contract with a third person, such as a contract of sale or lease.
westbank> The term "executory contract" refers to a contract, the contractual obligations of which fail to be performed by the relevant contracting parties, or some of the equal obligations have been performed.
待执行合同,是指合同各方尚未履行任何合同义务,或部分地履行了同等义务的合同。 <
In response to a question, it was noted that, if the licensee paid the royalties upfront, the agreement would be fully performed (i.e. there would be no executory contract) and thus the insolvency representative could not terminate the licence agreement (see recommendation 70 of the UNCITRAL Legislative Guide on Insolvency Law).
westbank> Article 8Where an executory contract turns to be a loss contract, the obligation generated from the loss contract which meets the provisions of Article 4 of these Standards shall be recognized as an estimated debts.
MODIFICATION OF EXECUTORY CONTRACT A promise modifying a duty under a contract not fully performed on either sid e is binding
待履行合同之修订 修订任何一方当事人未完全履行之合同义务的允诺在下列情况下是具有约束力的:
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