Promisee

A promisee is a person to whom a promise is made, especially in the context of a legal agreement or contract. This term is often used in the context of contractual obligations, where one party (the promisor) makes a commitment to act or refrain from acting in a certain way for the benefit of the promisee. The promisee has the right to enforce the promise as part of an agreement.

Promisee meaning with examples

• In a contract for the sale of goods, the promisee is the buyer who relies on the seller to fulfill their obligations. By accepting the terms of the sale, the promisee expects delivery of the goods as promised, making them an essential party in the transaction.
• When an individual takes out a loan, the promisee is the lender, who has provided funds with the expectation of repayment according to agreed terms. The lender's rights as the promisee are determined by the loan contract, ensuring they receive the promised payments.
• In the realm of insurance, the promisee can refer to the policyholder who expects the insurance company to fulfill its commitments in the event of a claim. The relationship is governed by a contract that defines the obligations of the insurer to the promisee.
• When a tenant signs a lease agreement, they become the promisee, anticipating that the landlord will uphold their end of the contract by providing occupancy of the property. The promisee's rights are outlined in the lease, protecting their interests.
• In a construction contract, the promisee is typically the project owner who anticipates the contractor will complete the work as outlined. The promisee relies on the integrity and reliability of the contractor to deliver the project on schedule and according to specifications.