The term fully executed means that the legal teams and the leadership of both organizations have reviewed and signed a legal document. What does fully executed mean?
1) The legal teams and the leadership of both organizations have reviewed and signed a legal document
2) The legal teams and the leadership of both organizations have not reviewed and signed a legal document
3) The legal teams of both organizations have reviewed and signed a legal document, but the leadership has not
4) The leadership of both organizations have reviewed and signed a legal document, but the legal teams have not