A method, system and/or NFC (Near field communication) enabled mobile device is provided for executing an electronic contract on NFC enabled mobile devices. A first contracting party is provided to apply an electronic signature thereof in an electronic contract provided on a first NFC enabled mobile device used by the first contracting party, the electronic signature is applied through a secure element of the first NFC enabled mobile device. The electronically signed contract is transmitted from the first NFC enabled mobile device to a second NFC enabled mobile device used by a second contracting party for providing the second contracting party to apply an electronic signature thereof in the received electronically signed contract from the first NFC enabled mobile device through a secure element in the second NFC enabled mobile device.