Party to an Agreement Synonym

If you`re looking for synonyms for “party to an agreement,” you`re likely in the midst of drafting a legal document or contract. It`s important to ensure that every term used in such documents is precise and accurate, including the terminology used to refer to the parties involved.

Here are a few synonyms for “party to an agreement” that might be helpful:

1. Signatory: This term refers to someone who has signed a legal document or contract. In the context of an agreement, a signatory would be one of the parties who has signed on to the terms.

2. Counterparty: This term is often used in financial or business transactions to refer to the other party involved in the exchange. For example, if you`re selling a business, the buyer would be the counterparty in the transaction.

3. Co-contractor: If the parties to an agreement are both entering into an agreement to perform certain tasks or provide certain services, they could be referred to as co-contractors.

4. Obligor: This term is often used in the context of contracts that involve one party agreeing to do something in exchange for another party`s payment or promise. The party who is obligated to perform the task or service is referred to as the obligor.

5. Promisee: Similarly, the party who is receiving the promise or performance from the obligor is referred to as the promisee. This term is often used in contracts that involve one party agreeing to provide a service or payment in exchange for something else.

It`s essential to be as precise as possible when drafting legal documents, including using the correct terminology to refer to the parties involved. Using synonyms for “party to an agreement” can help ensure that the document is accurate and legally binding.