Legal Definitions - cessor

Cessor refers to the act of ceasing or terminating, or more commonly, the party from whom a right, interest, or liability ceases. This term is closely related to "cesser," which signifies the termination or cessation of something.

The term cessor is an alternative spelling of cesser, which refers to the termination or ending of a right, interest, obligation, or liability. It signifies that something that was previously in effect or ongoing has now ceased to exist or apply.

• Example 1: Contractual Obligation

  A software development contract might include a clause stating that the developer's warranty obligations for bugs will undergo a cessor two years after the final product delivery, assuming all maintenance fees have been paid.

  Explanation: This illustrates cessor because the developer's legal responsibility to fix bugs under warranty *ends* or *terminates* after a specific period and condition are met. Their obligation to provide warranty support *ceases* at that point.

• Example 2: Property Rights

  In a deed, a grantor might reserve a life estate for themselves, with the provision that their right to occupy the property will experience a cessor upon their death, at which point full ownership transfers to the named beneficiaries.

  Explanation: Here, cessor signifies the *ending* of the grantor's legal right to possess and use the property. Their life estate *ceases* upon their passing, allowing the next owners to take full possession.

• Example 3: Financial Liability

  A loan agreement for a business startup might specify that a personal guarantee provided by one of the founders will have a cessor once the company achieves a certain revenue milestone for two consecutive fiscal years.

  Explanation: This demonstrates cessor as the *termination* of the founder's personal financial liability. Their obligation to personally repay the loan *ends* once the business meets the predefined success criteria.