1. Dealing or concerned with facts or actual occurrences; practical. 2. Philosophy Of or relating to pragmatism. 3. Linguistics Of or relating to pragmatics. 4. Relating to or being the study of cause and effect in historical or political events with emphasis on the practical lessons to be learned from them.
What is EXECUTED CONTRACT? 1. Completed signing by all parties of a contract. 2. Completed all listed contractual actions.
A contract is a legally enforceable promise or undertaking that something will or will not occur. The word promise can be used as a legal synonym for contract, although care is required as a promise may not have the full standing of a contract, as when it is an agreement without consideration.hile a contract is being performed, it is called an executory contract, and when it is completed it is an executed contract. In some cases there may be substantial performance but not complete performance, which allows the performing party to be partially compensated.