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AGREEMENT HAVING A LAWFUL OBJECT ENTERED INTO VOLUNTARILY BY MULTIPLE PARTIES (MAY BE EXPLICITLY WRITTEN OR ORAL)
Contract law; Binding agreement; Contracts; Express contract; Verbally binding; Verbal contracts; Contractual; Guarantees; Contract Law; Bilateral contract; Unilateral contract; Obligee; Obligor; Service agreement; Contractual rights; Unilateral Contracts; Contractual agreement; Contractual obligations; Law of contracts; Contracting party; Contracting; Contract system; Legal contract; Contracts law; Written contracts; Types of contract; Contract (legal); Legal Detriment; Legal agreement; Kill fee; Cotract; Contractual powers; Contractual power; Law of contract; Contract document; Nominate contract; Contractual law; Written contract; Binding contract; Requirements of an Insurance Contract; Performance of a contract; Performance of an obligation; Specific contract; Service Agreement; Parent contract; User:Nenadimitrovski81/Objective theory of contract; Business efficacy test
(ah-bluh-jee) n. the person or entity to whom an obligation is owed, like the one to be paid on a promissory note.
Obligee
AGREEMENT HAVING A LAWFUL OBJECT ENTERED INTO VOLUNTARILY BY MULTIPLE PARTIES (MAY BE EXPLICITLY WRITTEN OR ORAL)
Contract law; Binding agreement; Contracts; Express contract; Verbally binding; Verbal contracts; Contractual; Guarantees; Contract Law; Bilateral contract; Unilateral contract; Obligee; Obligor; Service agreement; Contractual rights; Unilateral Contracts; Contractual agreement; Contractual obligations; Law of contracts; Contracting party; Contracting; Contract system; Legal contract; Contracts law; Written contracts; Types of contract; Contract (legal); Legal Detriment; Legal agreement; Kill fee; Cotract; Contractual powers; Contractual power; Law of contract; Contract document; Nominate contract; Contractual law; Written contract; Binding contract; Requirements of an Insurance Contract; Performance of a contract; Performance of an obligation; Specific contract; Service Agreement; Parent contract; User:Nenadimitrovski81/Objective theory of contract; Business efficacy test
·noun The person to whom another is bound, or the person to whom a bond is given.
obligee
AGREEMENT HAVING A LAWFUL OBJECT ENTERED INTO VOLUNTARILY BY MULTIPLE PARTIES (MAY BE EXPLICITLY WRITTEN OR ORAL)
Contract law; Binding agreement; Contracts; Express contract; Verbally binding; Verbal contracts; Contractual; Guarantees; Contract Law; Bilateral contract; Unilateral contract; Obligee; Obligor; Service agreement; Contractual rights; Unilateral Contracts; Contractual agreement; Contractual obligations; Law of contracts; Contracting party; Contracting; Contract system; Legal contract; Contracts law; Written contracts; Types of contract; Contract (legal); Legal Detriment; Legal agreement; Kill fee; Cotract; Contractual powers; Contractual power; Law of contract; Contract document; Nominate contract; Contractual law; Written contract; Binding contract; Requirements of an Insurance Contract; Performance of a contract; Performance of an obligation; Specific contract; Service Agreement; Parent contract; User:Nenadimitrovski81/Objective theory of contract; Business efficacy test
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¦ noun Law a person to whom an obligation is owed under a contract or other legal procedure. Compare with obligor.