There are two meanings for a fully executed contract: 1.) When signed by both parties. 2.) When the contract has been fully performed by both parties.
A contract that has not yet been fully performed by the parties is called an executory contract.
A properly written and executed agreement is called a contract. A contract that has been executed has been signed or possibly notarized.
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"Executed contract" can have two meanings.It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.It can mean that all the terms of a contract have been carried out.
A fully-executed copy is a document that has been signed by all parties. The copy is the original document but copies of it can be made.
A case where obligations by both the parties has been done
An executed contract is a contract that has been completed. All parties have signed and its all done and closed. Executory is one that is almost done, but they are waiting on for example: Money!
negligenceAdded: Or a violation of a contract.
Compensatory damages
It will depend on the topic of the contract and what parts have been executed. In many cases it is not going to be enforceable. But if they have delivered goods or services, they can get paid or the goods returned.
"Execute" is an expandable term in law when referring to legal documents. It can mean that a contract has been fully performed by both parties. It is most commonly used to refer to the signing of legal documents. Historically it meant that a legal document had been signed, sealed and delivered. There was a time when a deed was not valid unless there was proof it was delivered to the grantee. Today a properly executed document has been signed by the necessary parties, witnessed, if necessary, and the signatures have been acknowledged by a notary, if necessary. There are different requirements for different types of documents. The purpose of executing a document properly is to render it legally enforceable.