Word: Execution of Instrument
Part of Speech: Noun (Law)
Definition: The "execution of instrument" means the process of completing a legal document (like a contract or deed) by signing it, and sometimes sealing and delivering it. Once this is done, the document becomes legally binding, which means it has to be followed by the parties involved.
Usage Instructions:
Use this term when discussing legal documents or contracts.
It is often used in legal contexts, such as in court or when talking about agreements.
Examples:
Basic Example: "After the execution of the instrument, both parties are obligated to follow the terms of the contract."
Contextual Example: "The execution of the instrument took place in front of a notary public, ensuring its validity."
Advanced Usage:
In more formal or legal settings, you might encounter phrases like "the execution of the instrument must comply with local laws," indicating that there are specific rules that must be followed for the document to be valid.
Word Variants:
Execute (verb): To carry out or put into effect. E.g., "They will execute the contract next week."
Instrument (noun): A legal document. E.g., "The instrument outlines the rights of both parties."
Different Meanings:
In a general context, "execution" can refer to the act of carrying out or performing a task, not just in a legal sense. For example, "the execution of the plan was flawless."
Synonyms:
Related Idioms and Phrasal Verbs:
"Sign on the dotted line": This means to agree to the terms of a contract by signing it. E.g., "Before you start the job, make sure to sign on the dotted line."
"Seal the deal": This means to finalize an agreement, often by signing a contract. E.g., "The two companies met to seal the deal."
Summary:
The "execution of instrument" is an important legal term that refers to the completion of a legal document by signing it so that it becomes enforceable. Understanding this term is vital for anyone dealing with contracts or legal agreements.