What is the term for carrying out the terms of a contract?

The term that describes carrying out the terms of a contract is best represented by the concept of "execution." In the context of contracts, execution refers to the act of signing the contract and putting its terms into effect. This includes all of the actions necessary for the agreement to be enforced and obligations to be met as stated in the contract.

"Specific performance" refers to a legal remedy in which a court orders a party to perform their obligations under the contract rather than just providing monetary damages. While it relates to ensuring the terms are adhered to, it is not the term that directly describes the act of fulfilling contract obligations in a general sense.

"Compliance" implies adhering to the terms of the contract but does not necessarily encapsulate the entirety of actions taken to fulfill the contract. Similarly, "fulfillment" suggests that the terms are completed but is more often used in contexts such as order fulfillment rather than legal obligations in contracts.

In summary, execution accurately captures the comprehensive concept of enacting the terms of a contract, making it the correct choice in this context.