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First, when a contract is said to be fully executed, it means that all parties to the agreement have fully performed their obligations, or that all of the terms and conditions of the contract have been fulfilled in their entirety.
When a person "executes" a document, he or she signs it with the proper "formalities". For example: If there is a legal requirement that the signature on the document be witnessed, the person executes the document by signing it in the presence of the required number of witnesses.
Execution will simply require your individual signature. The agreement should also state your name below the signature line as well. It is best practice to sign the agreement in the presence of a third-party witness. The witness should also sign the agreement for evidentiary purposes to avoid future disputes.
First, when a contract is said to be fully executed, it means that all parties to the agreement have fully performed their obligations, or that all of the terms and conditions of the contract have been fulfilled in their entirety.
What Does it Mean to Have a Fully Executed Contract? When you have a fully executed contract, it means that you have entered into a legally binding agreement. You agree that all the terms within the contract are satisfactory to you, and your signature solidifies that.