contracts

A note is a written promise to pay money.

Notice of default is a formal written statement from one party to a contract informing the other that it has failed to perform required obligations.

A novation is an agreement made between two contracting parties to allow for the substitution of a new party for an existing one. The original contracting party who is replaced by the new party with the novation is excused by the novation, and therefore the original party who is replaced gives up any rights they have against the other original party to the contract. Both original contracting parties must agree to the novation. 

An obligation is a duty to do or not to do something. In a legal context, an obligation is a civil law concept.

An obligor is a person within the law of secured transactions that, with respect to an obligation secured by a security interest in or an agricultural lien on some collateral owes payment or other

Offer is part of contract negotiations where a party agrees to do or not do something in exchange for consideration. An offer must be stated and delivered in a way that would lead a reasonable person to expect a binding contract to arise from its acceptance.

Offeree refers to the party in a contract negotiation that receives an offer and has the power to accept the offer, creating a binding contract. The other party in a contract negotiation is the offeror who makes the initial offer.

Offeror refers to the person in a contract negotiation that makes an offer. The other party that receives the offer and has the power of acceptance is the offeree. 

An officious intermeddler is a person who confers a benefit on another without request or without a legal obligation, and is therefore not entitled to compensation from the recipient. The officious intermeddler rule protects those who have unsolicited benefits thrust upon them and punishes those who thrust benefits upon others.