What is included in the execution process of a contract?

In the execution process of a contract, the acceptance of facsimile and counterpart signatures is included as it acknowledges the increasing reliance on electronic communication and the practicalities of modern agreements. Facsimile signatures, often accepted in legal contexts, allow parties to execute contracts without requiring their physical presence; this is crucial for convenience and efficiency, particularly when parties are located in different areas.

Similarly, counterpart signatures enable parties to sign separate copies of the same document, which, when united, form a single agreement. This practice is widely accepted in many jurisdictions and facilitates the execution of contracts even when the parties cannot be together physically, maintaining the validity of the agreement.

The other options present limitations or conditions that are not universally necessary for a contract's execution. For example, verbal agreements, while they may be binding in some cases, generally lack the formalities and enforceability that written contracts provide. The physical presence of both parties is not required for the validity of an execution, as evidenced by the common acceptance of contracts signed via email or other electronic means. Additionally, notarization, while it can add an extra layer of authenticity to a contract, is not a universal requirement for all types of contracts and therefore does not need to be included in every execution process.