oboloo Glossary

Fully Executed Sales Contract

oboloo Glossary

Fully Executed Sales Contract

Fully Executed Sales Contract Definition

A fully executed sales contract is a legally binding agreement between a buyer and a seller. The contract outlines the terms of the sale, including the price, delivery date, and any special conditions. Once both parties have signed the contract, they are obligated to uphold their end of the bargain. If either party breaches the contract, they may be liable for damages.