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.
Because an executed contract is a legal document, each party should keep a copy and refer to it, if necessary, to fulfill their obligations completely. If one party fails to fulfill his obligations, the other party may be able to file a civil lawsuit.