Third-Party Provider
/ˈθɜrd ˌpɑrti prəˈvaɪdər/
Definitions
- (n.) An entity distinct from the primary contracting parties that provides services or products, often in regulated industries such as financial services or telecommunications.
The bank enlisted a third-party provider to handle its online payment processing.
Forms
- third-party providers
Related terms
See also
Commentary
In legal drafting, clearly defining 'third-party provider' is essential to delineate the scope of obligations and liabilities, especially in contracts and regulatory compliance contexts.
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.