Which legal term refers to a person who signs a contract or agrees to its terms?

The legal term that refers to a person who signs a contract or agrees to its terms is "obligor." An obligor is someone who has a duty to perform under the contract, meaning they are legally bound to fulfill the obligations set forth in the agreement. This concept is crucial in many legal contexts, as it establishes who is responsible for carrying out the terms of a contract and can be held accountable if they fail to do so.

In the context of contractual relationships, an obligor engages with the terms of a contract, indicating their acceptance and commitment to the stipulations contained within. Understanding this role is essential for individuals in the legal and business fields, as it provides clarity on rights, duties, and potential liabilities arising from agreements.

The other terms mentioned do not appropriately define someone who signs a contract. "Principal" generally refers to someone who has authority within a business or legal context, which could imply various responsibilities beyond just signing a contract. An "executor" specifically pertains to someone appointed to manage an estate after someone's death and is not related to the execution of general contracts. An "adjudicator" is someone who resolves disputes, particularly in legal settings, and does not actively participate in signing contracts.