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Obligee: A Comprehensive Guide to Legal Definitions and Implications
Definition & Meaning
An obligee is a person or entity that is entitled to receive a specific act or payment from another party. This obligation often arises from a contract or legal agreement, such as a promissory note. In family law, the term is commonly used to refer to a parent who is granted child support or alimony payments from the other parent. The party responsible for making these payments is known as the obligor.
Table of content
Legal Use & context
The term "obligee" is frequently encountered in various legal contexts, particularly in family law, contract law, and financial agreements. In family law, the obligee is typically the parent designated to receive child support or alimony payments. Understanding this role is crucial for individuals navigating divorce or custody arrangements, as it impacts financial responsibilities and obligations.
Users can manage related legal processes with the help of templates and forms available through resources like US Legal Forms, which can simplify the preparation of necessary documents.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: In a divorce case, a mother is designated as the obligee and is entitled to receive monthly child support payments from the father, who is the obligor.
Example 2: A lender is an obligee in a loan agreement, expecting the borrower to fulfill their obligation to repay the loan amount (hypothetical example).
State-by-state differences
Examples of state differences (not exhaustive):
State
Child Support Guidelines
California
Uses a formula based on income and time spent with the child.
Texas
Calculates support based on a percentage of the obligor's income.
New York
Follows a percentage of the combined parental income.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Obligor
The party responsible for fulfilling the obligation, such as making payments.
Debtor
A person who owes a debt, often used interchangeably with obligor in financial contexts.
Promisee
The person to whom a promise is made, similar to an obligee in contract law.
Common misunderstandings
What to do if this term applies to you
If you are identified as an obligee in a legal agreement, it is important to understand your rights and responsibilities. You should:
Review the terms of your agreement to know what you are entitled to receive.
Keep accurate records of any payments received or owed.
Consider using US Legal Forms to find templates for any necessary legal documents.
If your situation is complex, consult a legal professional for tailored advice.
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The obligee is the person entitled to receive a payment or act, while the obligor is the one who must fulfill that obligation.
Yes, an obligee can seek to modify the terms of their agreement, but this typically requires mutual consent from the obligor and may need to be approved by a court.
If the obligor fails to fulfill their obligation, you may need to seek legal assistance to enforce the agreement and receive the payments owed to you.