promisor
promisor, defined:
the person or party who gives a promise in a contract. The term, promisor, is a status designation often used when analyzing the actual performance of contractual terms. Compare promisor to promisee who is the person or party to whom a promise is made. For contracts in which one party gives a promise in exchange for a promise given by another party (a bilateral contract) each party is at one time a promisor and a promisee, depending upon which contractual term is being discussed.
promisor, as it might be used:
The performance of the promisor will satisfy his obligation to the promisee.
An example of promisor:
Fiona's niece, Sheila, is to be married. Sheila contracts with a caterer to provide food service for her wedding reception. The two parties sign a contract detailing the specifics. The caterer, as the promisor, agrees to serve a specific menu at the event on a specific date and time. Sheila in turn, as the promisor, agrees to pay the caterer a set fee upon.
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Clear-Point Law Dictionary
