What is the party who sells a contract for another referred to as?

The party who sells a contract for another is appropriately referred to as the agent. An agent acts on behalf of another individual, known as the principal, and is authorized to create legally binding obligations for that principal within the scope of their relationship. In many contexts, the agent facilitates transactions and may negotiate terms to benefit the principal, upholding their interests while fulfilling the responsibilities assigned to them.

The terminology surrounding these roles is important. A broker typically refers to someone who arranges transactions between buyers and sellers but does not necessarily act on behalf of a specific principal as an agent does. The principal is the party who authorizes the agent to act on their behalf, while a vendor usually indicates a seller in a transaction but doesn't conform to the specific contractual relationship implied in agency scenarios. Understanding these distinctions clarifies the role of an agent in transactions involving contracts.