Self-Executing Contract
/ˌsɛlf ɪɡˈzɛkjʊtɪŋ ˈkɑntrækt/
Definitions
- (n.) A contract that automatically becomes effective and enforceable upon execution without the need for further action by the parties.
The self-executing contract ensured payment was released immediately upon delivery.
- (n.) A treaty or legal provision that is enforceable domestically without requiring additional legislation.
The treaty was a self-executing contract, effective in domestic courts upon ratification.
Forms
- self-executing contracts
Related terms
See also
Commentary
Primarily used to describe contracts or treaties that require no further steps for enforcement, distinguishing them from agreements needing legislative implementation.
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.