Execution of Contract
/ˌɛksɪˈkjuːʃən ʌv ˈkɒntrækt/
Definitions
- (n.) The process of fulfilling or carrying out the terms and conditions agreed upon in a contract.
The execution of the contract was completed once both parties signed and exchanged the agreed documents.
- (n.) The formal signing of a contract, which signifies the parties' agreement and intent to be bound legally.
The lawyer oversaw the execution of the contract to ensure all clauses were properly agreed upon.
Related terms
See also
Commentary
Execution of a contract can refer either to signing the contract or to performing its terms; clarity in context is essential when drafting to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.