Definition of Executed Contract

An Executed Contract is a legal agreement between two or more parties that has been fully signed, delivered, and performed. In the context of real estate, an executed contract is a binding agreement between a buyer and a seller that outlines the terms and conditions of a real estate transaction. Once the contract is executed, both parties are obligated to fulfill their respective obligations, such as transferring ownership and making payment.

Related terms include: contract, binding agreement, buyer, seller, transaction, ownership.

References:

• Investopedia. (2021). Executed Contract. https://www.investopedia.com/terms/e/execute.asp
• LegalMatch. (2021). What is an Executed Contract? https://www.legalmatch.com/law-library/article/what-is-an-executed-contract.html