Certified Professional Contract Manager (CPCM) 2025 – 400 Free Practice Questions to Pass the Exam

In a contractual agreement, the seller is typically defined as the party tasked with fulfilling the buyer's requirements. This definition encompasses the seller’s role in delivering goods or services that meet the specifications outlined in the contract. The seller has the obligation to ensure that what is provided aligns with the buyer's needs and expectations, which is central to the contract's purpose.

In contrast, the party responsible for paying for the goods or services is known as the buyer; this is a critical distinction in any contract. The party overseeing the contract negotiation process could be a representative from either the buyer or seller's side and does not imply the role of seller by itself. Additionally, while compliance with contract terms is essential, this responsibility usually falls on both parties, where the seller must ensure that the goods or services provided meet the specified contractual obligations, but ensuring compliance alone does not define the role of the seller. Therefore, the correct identification of the seller in a contractual context is as the party fulfilling the buyer's requirements.