What does it mean for an 'instrument' to be 'executed'?

·         A legal instrument is generally any formal written document such as a deed, transfer notice, will, conveyance and other document of this kind. It is a formal legal document that usually constitutes evidence of the existence of a legal right, obligation, duty or agreement.

·         An instrument (formal legal document) is executed when it is signed by all relevant parties. Sometimes written laws will require additional steps to be taken before an instrument is considered to be duly 'executed' such as being signed and then sealed.

·         An agreement involving an offer contained in a written document (such as a contract for the sale of land) is considered to have been executed when the offer is accepted and the document is signed by both parties.