In strict terms, if you are talking about the event (i.e. the meeting of the agreement) once it happened, there should have been a verb in the past to create a correct sentence (for example.B the contract was concluded). But the quoted wording (without a verb) would be normal at the end of the agreement itself, especially directly above the signatures of the parties: this is where the present applies because they actually conclude the agreement by adding their signatures. [with incrimination] Formally and definitively « an attempt to conclude a ceasefire » « negotiations for the conclusion of a new agreement have failed » (an agreement). Conclusion of Oxford Dictionary (FINISH): conclusion of a formal agreement or termination or agreement of a Cambridge Dictionary transaction If the contract has been terminated, it may have expired (for example.B. on a preset date) or have been terminated (for example. B by one or both parties, in accordance with the criteria set out in the agreement). As you will see in the excerpts below, entering into a transaction or other multi-party agreement is to conclude/conclude/agree/process. The fundamental answer to your question is therefore « yes », « contract concluded » means that it has been agreed. P.S. As stated above, you could have easily found the answer to your question by searching through a dictionary !. .