executed original
Definition
An executed original is a physical document that all required parties have actually signed with real, wet ink signatures, making it the official, legally binding version of an agreement. Think of it as the 'real deal' compared to a photocopy or a draft that hasn't been signed yet. Courts and banks often require an executed original because it proves everyone genuinely agreed to the terms.
Example
When you close on a commercial lease, your landlord's attorney will hand you an executed original of the lease agreement, meaning both you and the landlord have signed the same physical document. You should keep this in a safe place because it is your strongest proof of the deal you made.
Watch Out
Never hand over your only executed original without getting a certified copy first, because losing it can create serious headaches if a dispute ever lands in court.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.