obligors

Example:Although present in the meeting, the guest was a non-obligor, with no legal or contractually bound duties.

Definition:A party that is not bound by any agreements or promises and thus not obligated to perform any actions as per the terms of a contract or agreement.

Example:The independent contractor did not become an obligor, as their agreement was strictly limited to a specific project.

Definition:A person or entity that provides services for compensation without becoming an employee or partner of the client, not obligated to fulfill any additional obligations beyond the agreed-upon scope of work.