A No-Execution Contract is a type of smart contract that stipulates an agreement without enforcing direct actions or outcomes within the blockchain itself. Unlike traditional smart contracts, which automatically execute specified actions when conditions are met, these contracts primarily serve as a record of terms and conditions without performing any transactions or functions.These contracts usually require outside intervention to trigger actions or complete processes. They can be useful for agreements where parties want a formal acknowledgment of terms but prefer to manage execution through other means, such as trust or manual oversight.No-Execution Contracts can be beneficial in reducing on-chain complexity and gas fees, as they do not necessitate execution on the blockchain. They can be utilized for documentation or audit purposes and to create a clear framework for future actions, allowing the involved parties to have a reference point without the automatic functionalities of standard smart contracts.