Which type of contract has all terms completed?

An executed contract is one in which all parties have fulfilled their obligations, meaning that every term outlined in the contract has been completed. In practical terms, this indicates that the performance required by each party has been carried out, and the contractual relationship is fully satisfied. This contrasts with other types of contracts such as bilateral or unilateral contracts, which may involve ongoing obligations or performances that have not yet been fulfilled. In a bilateral contract, both parties make promises to each other, while in a unilateral contract, one party makes a promise in exchange for an act by another party. However, an executed contract specifically implies the conclusion of all actions required under the agreement, marking it as fully performed.