“Executory contract” means a contract, including a lease, under which each party has an unperformed obligation and the failure of a party to complete performance would constitute a material breach.
NRS 32.125
“Executory contract” defined
Known as the Uniform Commercial Real Estate Receivership Act
The act spans §§ 32–32 (53 sections).
(Added to NRS by 2017, 1222)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.