Enterprise Governance Management::Manage Contract::Execute Contract

Execute Contract business activity is in charge of ensuring an enterprise business contract is fully signed by the contracting parties in order to formalize the contractual relationship.<br/>To “execute a contract” means to perform the actions necessary to complete the contract’s terms or to sign a contract, making it legally binding. In legal terms.<br/> An executed contract refers to:<br/>• Signing: When all parties involved in the contract have agreed upon the terms and have signed the document, it is considered executed. <br/>• Fulfillment: An executed contract can also mean that all obligations outlined in the contract have been met by the parties involved. <br/><br/>