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    • Move-in date

      • Once you sign the contract, it is considered an executed contract since everyone agrees on the terms and you intend to inhabit the unit. However, the effective date does not occur until your move-in date. This is the date that all the terms of your agreement officially go into effect.
      www.contractscounsel.com/b/executed-contract
  1. Oct 9, 2023 · The effective date is when the parties intend for the terms of the contract to take effect, while the execution date is the date on which the parties indicate their agreement to them. Let’s look at the basics of executing a contract and examine the critical differences between the effective date and the execution date in more detail.

  2. In some cases, the execution date may be the same as the effective date, meaning that the contract takes effect immediately upon execution. However, in other instances, the effective date may be specified as a future date or tied to the occurrence of a particular event.

  3. Dec 27, 2023 · The contract execution date is when both parties complete and sign the contract. The contractual relationship isn’t legally binding until the effective date. But, the execution date is significant because it indicates that both parties intend to enter into a contract together on a specific date.

  4. Sep 8, 2023 · The effective date impacts the duration of the contract and any provisions related to termination or renewal. On the other hand, the execution date primarily serves as evidence of the parties’ commitment to the contract and their agreement to be legally bound by its terms.

  5. Sep 5, 2024 · The execution date and effective date are two critical elements in the lifecycle of any contract. While the execution date marks the formal acceptance of the contract’s terms through signatures, the effective date determines when the rights and obligations outlined in the contract begin.

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  6. Mar 25, 2024 · Generally, the execution date is the day that all parties physically sign a contract and create a binding agreement. On the other hand, the effective date is the day that the terms of a contract become enforceable by law. In some instances, these dates can coincide.

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  8. Feb 1, 2024 · Though they become enforceable at that point, executed contracts dont necessarily take effect the moment they’re signed. The execution date simply represents the date all necessary parties signed the contract.

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