The origin of a contract concluded dates back to the end of the average year of the Englishman from 1300 to 1400. There are different types of documents that can be executed to become effective. Among the most common documents are contracts between two or more parties, including lease, service and sales contracts. A contract would have been performed when both parties had fulfilled their obligations. In the case of a real estate contract, this milestone comes with the conclusion. Until the payment and title change ownership, the contract is only “executable” – enforceable. While any type of contract must be “performed” by the parties by adding their signatures, some persons and entities refer to a contract for which the conditions will be performed later, with the specific name of “enforceable contract”. This can create confusion for the layman when he hears the notion of “contract performed”, which may refer simply to the fact that the contract was signed by all parties or to a signed contract for which the conditions were performed immediately. Many types of documents and legal forms can be executed to ensure that they become effective and binding. Among the most common documents requiring performance are contracts between two or more parties, for example. Β leases, service contracts and sales contracts. These documents oblige the parties to execute the terms of the agreement. 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. To execute a document is to sign it. People who refer to an executed real estate contract effectively mean that the document – the paper or digital copy of the contract – has been signed. In this sense, the date of performance is the date on which the signatures of all parties appear on the contract. This is the launch date of the contract.
The date of performance is the date on which the contract was signed by all the necessary parties….