1 Place the rib bones cut side down over the heat. 2  Sear the roast 2-3 minutes on the cut side and 1-2 minutes on the other sides. 3  Remove from the grill. 4  You can let it rest for 5 minutes but it isn't needed-it already settled during the previous rest.
Executory and Executed Contracts. An executory contract has an act or obligation stipulated in a contract that has yet to be performed by one or more parties to the contract. For example, an equipment lease and a license to intellectual property are examples of executory contracts.
Such contracts are typically 80 to 100 pages long and focus on five key types of terms: 1  Conditions, which must be satisfied before there is an obligation to complete the transaction. Conditions typically include matters such as regulatory approvals and the lack of any material adverse change in the target's business.