Definitions for "Ratification"
The act of ratifying; the state of being ratified; confirmation; sanction; as, the ratification of a treaty.
After signing a treaty, a country must ratify it, often with the approval of its parliament or other legislature. Such process implies not only an expression of interest as indicated by the signature, but the transformation of the treaty's principles and obligations into national law. The instrument of ratification must be deposited with the Depositary which, in the case of the CCD, is the Secretary-General of the United Nations. The country will become a Party of the Convention by the completion of a period of 90 days after the deposit of the instrument of ratification.
the formal adoption of a treaty by a state, by a vote of its legislators. For example, the GATT treaty had to be ratified by the Senate before it became binding on the U.S. The term also applies to approval by the states of constitutional amendments.
Mutual acceptance of price and terms.
official acceptance of an agreement by one of the parties.
Keywords:  copy, signed, parties, contract, estate
When both parties have signed and received a copy of the real estate contract.