Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Fully Executed Contract

A contract is fully executed at the point at which it has been signed by each of the Parties to form a Legally Binding contractual relationship.

All Parties have agreed to fulfil their contractual obligations and have also agreed to all terms and conditions. 

A contract is not fully executed if only one party has signed the contract.  

Fully executed can also mean that all of the  conditions of the contract have been fulfilled.

Gatekeeper allows you to store your fully executed contracts in a centralised repository, so you always have visibility of your portfolio. 

You can also map out the process it takes to achieve a fully executed contract via the Workflow Engine, so you can identify any bottlenecks preventing execution.