What does the term "signatory" refer to in the context of agreements?

The term "signatory" specifically refers to an individual or entity that signs a contract, thereby demonstrating their agreement to the terms outlined in that document. By signing, the signatory commits to the responsibilities and obligations defined in the contract. This role is critical in contract law, as the signature conveys consent and the legal authority to be bound by the agreement.

In the context of contracts, other roles such as a party responsible for enforcing the terms or a witness have different functions and responsibilities. A party responsible for enforcing the terms, while essential for upholding the contract, does not necessarily have to sign it to fulfill that obligation. Similarly, a witness to the contract signing is there to authenticate the signing process but is not a party to the agreement. An attorney reviewing the contract may provide legal advice or ensure that the terms are clear and enforceable, but their signature does not indicate agreement to be bound by the contract's terms. Thus, the defining characteristic of a signatory is their active participation through signing, which distinguishes their role from others in the context of agreements.