In plain English
This term refers to the settled text of a contract or other legal document, not a draft still being changed. It is the version the parties can sign.
In context
Here, it labels the final contract version that is ready for the parties to sign.
- Situation
- Reading agreement sections, parties, dates, signatures, and execution status
- What it communicates
- labels the version prepared to be signed.
Meaning limits
The term by itself does not show whether the parties have already signed the document.
Examples
“After the last edits were agreed, counsel circulated the execution version of the contract for signature and set the marked-up drafts aside.”
“The execution version of the agreement was sent to both parties that evening.”