An executed contract is a duly concluded document, signed by the persons necessary for its effectiveness. The contract is often between two or more people, but it can also exist between a person and one or two or more entities. Contracts often establish that one party provides a service or goods to the other and are only fully effective when all parties involved have signed it. For some contracts, even the signature is attested. To study this concept, consider the following definition of the contract performed. The execution of this Agreement or other documents in accordance with this Agreement by fax or any other electronic copy of a signature shall be deemed to have been executed by an original signature and shall have the same effect as this One. Let us take into account the two definitions of the contract performed: this is the case, for example, for leasing contracts. At the end of a certain period, the contract is already fully executed and the contractual relationship ends at that time. The date of performance is the exact date of signature of the contract by the parties.
This date may differ from the date of entry into force, which is the date on which the act or object of the contract actually takes place. Executed contracts are easy to identify in real life. A person who agrees to pay for or participate in a particular service, either by signing a physical contract or online, is in a situation where an executed contract is established. By accepting the terms of the document, whether implicitly or explicitly agreed, the contract is performed accordingly. The duration also applies to a contract that has been fully performed and concluded. The “performance date” is the date on which a contract was signed by all necessary parties. This may or may not be the “effective date” of the contract, which may be indicated in the main part of the document. For example, on April 3, Susan signs a lease with a withdrawal date of May 1. The date of execution of the lease is April 3, but the effective date is May 1.
A national service company called All Fixers Co. is currently arguing with a customer over the terms of a previously signed contract. Mr. Fergusson is the person involved in the dispute and his argument is that All Fixers has indicated that a particular electrical maintenance service will be completed by February 2. The service contract was concluded on 28 January 1 and the contract clearly states that the service will be performed on 1 February.