Contracting Party
/ˈkɒntræktɪŋ ˈpɑːrti/
Definitions
- (n.) A party who enters into and is bound by the terms of a contract.
Each contracting party must fulfill their obligations under the agreement.
Forms
- contracting parties
Related terms
See also
Commentary
The term specifically identifies entities bound by a contract, emphasizing their role in legal obligations and rights under the agreement.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.