What is the term for when all parties sign a contract but the seller's acceptance has not yet been delivered to the buyer?

The correct term in this scenario is "Acceptance." When a contract is signed by all parties, it signifies that they have agreed to the terms. However, true acceptance in a contractual context requires that the acceptance must be communicated effectively to all parties involved, particularly from the seller to the buyer.

In this case, even though the seller has signed the contract, if their acceptance has not yet been communicated to the buyer, the contract is not fully executed or binding. The act of acceptance alone does not complete the cycle of communication needed for a contract to be enforceable. Therefore, even though all parties have provided their signatures, the lack of delivery of the acceptance means that the contract is still waiting for that essential confirmation before it becomes fully operational.

In distinguishing from the other terms, a "Contractual agreement" is a more general term describing any agreement between parties that outlines obligations. "Offer" refers to the initial proposal made by one party to another, and "Binding agreement" implies that all elements of a contract have been satisfied and that the contract can be enforced. Since the seller's acceptance hasn’t been delivered yet, we are still at the acceptance stage rather than moving to a binding agreement. Thus, the term that specifically addresses the situation where