What is the definition of executed contracts?

The definition of executed contracts refers to contracts in which all parties involved have fulfilled their obligations as specified in the agreement. This means that every term of the contract has been completed by all signatories, resulting in the contract being fully executed. Such contracts become legally binding and enforceable as the performance of the agreed terms has taken place, signifying the completion of the contractual relationship.

In contrast, contracts that are signed but not fulfilled represent agreements that have not reached completion, leaving one or more terms unaddressed. Similarly, contracts that have been validated by a court do not inherently denote that fulfillment of the terms has occurred, rather they imply that the contract is legally recognized. Lastly, contracts signed by only one party are generally not executed, as the essence of an executed contract requires the mutual agreement and action of all involved parties.