The passive voice reverses the natural, active order of English sentences.In the following passive example the receiver of the action comes before the actor. Regulations lend themselves to this style, especially procedures, how-to instructions, and lists of duties. A regulation of continuing effect speaks as of the time you apply it, not as of the time you draft it or when it becomes effective.
A particular document may require specific execution formalities or may specify its own procedures, restrictions or requirements and so every transaction must be approached on its facts.
Also, this note does not address regulatory or tax considerations which may be relevant to execution and completion.
To be clear, having a later effective date does not mean that the contract will not be binding until that later date.
The contract is binding when both parties have accepted the contract.
For Options 1 and 2, you should ensure that signatories have access to a PDF scanner.