Fully Executed
Type: adjective
Pronunciation: /fool-ee-ek-si-kyoo-tid/
Also spelled or known as: Executed Agreement
Related: Contract
What does Fully Executed mean? A contract that has been signed by every required party and is legally effective.
Once an agreement is fully executed, each party is generally obligated to perform according to its terms.
Fully Executed synonyms: Executed Agreement, Signed Agreement, Finalized Contract
Example sentence: “The licensing agreement became effective once it was fully executed.”
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