1. Promisor – a person who conveys a promise in a contract agreement.
  2. Promisee – a person to whom the promise is made to in a contract agreement.
  3. Vendee – the party or person to whom something is sold to in a sales contract.
  4. Insurer – the person or party undertaking to make payment in case of loss.
  5. Insured -‘the person or party to whom payment will be made to in a contract agreement.
  6. Other parties to a contract are the obligor, obligee, landlord or less, Tenant or lessee.

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