(a) An executed contract is one in which all the parties thereto have performed all the obligations which they have originally assumed.(b) An executory contract is one in which something remains to be done by one or more parties.
Georgia Legal Code
(a) An executed contract is one in which all the parties thereto have performed all the obligations which they have originally assumed.(b) An executory contract is one in which something remains to be done by one or more parties.