Definitions

1. adjective

relating to or constituting a contract or agreement that will become binding only upon the occurrence of a specific event or condition, or relating to something that is to be executed or carried out.

“The executorial contract had a clause that would only activate if the buyer completed the full payment.”

2. noun

a contract or agreement that will become binding only upon the occurrence of a specific event or condition.

“The executory clause of the will revealed that the majority of the estate would go to charity upon the death of the testator.”

3. noun

a provision or clause in a contract or agreement that will become binding only upon the occurrence of a specific event or condition.

“The executorial clause in the contract gave the company the right to buy the land if the owner decided to sell in the future.”