Parties to contracts

Parties to a contract are the individuals or entities involved in the agreement. Typically, there are at least two parties: one is the offeror, who proposes the contract, and the other is the offeree, who accepts it. Each party has specific rights and obligations outlined in the contract. For the agreement to be valid, all parties must have the capacity to enter into a contract and consent to the terms. Understanding the roles of each party is essential, as it determines who is responsible for fulfilling the contract’s promises.