third party

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Third Party

A generic legal term for any individual who does not have a direct connection with a legal transaction but who might be affected by it.

A third-party beneficiary is an individual for whose benefit a contract is created even though that person is a stranger to both the agreement and the consideration. Such an individual can usually bring suit to enforce the contract or promise made for his or her benefit.

A third-party action is another name for the procedural device of Impleader, which is used in a civil action by a defendant who wants to bring a third party into a lawsuit because that party will ultimately be liable for all, or part of, the damages that may be awarded to the plaintiff.

third party

n. a person who is not a party to a contract or a transaction, but has an involvement (such as a buyer from one of the parties, was present when the agreement was signed, or made an offer that was rejected). The third party normally has no legal rights in the matter, unless the contract was made for the third party's benefit.

third party

a party who is a stranger to a transaction or proceeding between two other persons.
References in periodicals archive ?
It has teamed with a third-party administrator to offer any entity with nine or more employees a free assessment of self-funding versus current insurance expenses.
Because they are homogeneous, pool members know who runs their businesses well and can control who enters, said Fred Haring, a vice president of the regional third-party administrator ASU Group in Okemos, Mich.
A third-party administrator processes insurance claims for separate entities without underwriting or assuming the risks of the businesses they represent.
Q: How does the presence of the older workforce affect the third-party administrator industry and are you having trouble recruiting qualified talent as the baby boomers retire?
Prepackaged services from a marketing company that offer third-party administrators, stop-loss carriers and benefit communications.
The company also offers point-of-service plans, preferred provider organizations, and utilization review and managed care services to other health care payors, and owns one of the largest third-party administrators in New England.
MassMutual has conducted a screening and monitoring process to select about 40 third-party administrators across the United States.
Customers include self-insured employers, insurance carriers, state funds, third-party administrators and general managed care workers' compensation companies.
Concentra provides its services to approximately 200,000 employer locations and more than 1,000 insurance companies, group health plans, third-party administrators and other healthcare payors.
First Notice, headquartered in Boston, Massachusetts, provides first notice of loss or injury services to insurance carriers, third-party administrators and self-insured customers.
Its clients include self-insured employers, including state and local governments, third-party administrators, managed care organizations and individuals.

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