In a contract, the parties involved are the individuals or entities that agree to the terms and conditions outlined in the document. Typically, there are at least two parties: the offeror, who proposes the contract, and the offeree, who accepts the offer. Each party has specific rights and obligations that must be fulfilled for the contract to be valid. The parties to a contract can be individuals, businesses, or organizations. It is essential that all parties have the legal capacity to enter into a contract, meaning they must be of legal age and sound mind. This ensures that the agreement is enforceable under the law.