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.
Definition. An agreement creating obligations enforceable by law. The basic elements of a contract are mutual assent, consideration, capacity, and legality. In some states, the element of consideration can be satisfied by a valid substitute.