1. A contract that has been completed, signed, and is now in effect with all terms agreed upon by all parties
The finalized contract was signed by both parties yesterday.
O contrato finalizado foi assinado por ambas as partes ontem.
2. A legal agreement that has undergone all necessary revisions and approvals and is ready for execution
We cannot make changes to the finalized contract without mutual consent.
Não podemos fazer alterações no contrato finalizado sem consentimento mútuo.