Third Party
Definitions
- (n.) A person or entity not directly involved in a contractual agreement or transaction but who may be affected by it.
The third party must be notified of any changes to the contract.
- (adj.) Relating to or involving an entity other than the two primary parties in a contract or legal matter.
They hired a third party auditor to review their financial statements.
Forms
- third parties
Related terms
See also
Commentary
Often used to designate those outside the primary contractual relationship; clarify whether referring to persons or entities for precise use.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.