The spelling of the word "promiser" or "promisor" can be confusing, but the differences between the two are subtle. Both words refer to someone who makes a promise, but "promiser" is the more commonly used spelling in American English, while "promisor" is used more frequently in British English. The IPA phonetic transcription of "promiser" is /ˈprɒmɪzə(r)/, while "promisor" is pronounced as /ˈprɒmɪzɔː(r)/ in British English and /prɑːˈmɪzər/ in American English.
Promiser or promisor is a term commonly used in contract law to refer to the party who makes a promise or enters into an agreement to perform a certain action or provide a certain benefit to another party, known as the promisee. The promiser is legally bound by their promise, creating an obligation to fulfill the stated terms of the agreement.
The role of the promiser in a contractual relationship is crucial, as they are the party who voluntarily assumes the responsibility to perform the agreed-upon action. This can include anything from delivering goods or services, making a payment, or refraining from engaging in a specific action. The promiser's performance is typically contingent upon the promisee fulfilling their own obligations, in what is known as a bilateral contract. In a unilateral contract, the promiser's performance is usually triggered by the promisee's completion of a specific action.
The promiser's commitment to fulfill their promise is legally enforceable, meaning that if they fail to deliver on their obligations, the promisee may have legal recourse. Breaching the terms of the contract may result in financial penalties or other remedies as specified in the agreement or by applicable law.
Overall, the promiser or promisor is the party who gives their word and enters into an agreement, binding themselves to fulfill the terms of the contract, thereby establishing a legally enforceable obligation.
One who promises.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.