A contract where one or both parties have not yet performed their contractual obligations is known as:

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An executory contract is a agreement where one or both parties have not yet performed their contractual obligations. An executed contract, on the other hand, is a agreement where both parties have completed their obligations. A voidable contract is a agreement that is legally binding, but one party has the option to void it without legal consequence. A quasi-contract is not actually a contract, but rather a legal doctrine used to create a contractual-like obligation in situations where no formal agreement exists.

A Contract Where One or Both Parties Have Not Yet