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.
The purpose of this post is to outline the three basic types of procurement contract by indicating what kind of projects they are normally used for, and whether they are advantageous to the buyer or seller. Fig. 1 Procurement Contract Type. Letâs take discuss each of these contract types in turn. 1. Fixed-price.