third party

(redirected from Third-party)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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 ?
More acquisitions will happen in third-party payment industry: there are 270 licensed companies in China's third-party payment market -- a relatively saturated state no matter from the regulator's attitude in licensing or from the competition pattern.
If the employee did not obtain an acceptable third-party offer, he or she could transact a regular sale through the RSC.
The letters and power of attorney forms from the supposedly separate and independent third-party collection agents encountered in this investigation were identical.
The defendant drug companies' conspiracy to prevent the sale of the generic version of Cardizem CD denied consumers and third-party payers the opportunity to use a significantly less costly generic equivalent.
Hence, the use of this reporting practice should rarely if ever be considered evidence that the third-party civil penalty should be applied because the taxpayer is making a good-faith effort to pay the proper amount of tax -- albeit in a later period than it should be.
Nader, in perhaps holding the balance of power in Gore's struggle for California's prize of 54 electoral votes, has overshadowed the other third-party candidates, much as Reform Party candidate Ross Perot did in 1992 against Bill Clinton.
Still, third-party candidates face many obstacles, starting with our winner-take-all system, in which several parties may compete for an office, but the only one that gets any representation is the one whose candidate gets the most votes.
a third-party provider is defined as any firm providing a good or service that is not owned by the purchaser of the good or service.
Democratic leaders, who used to view progressive third-party activism as a fringe behavior, suddenly have "talking points" regarding the Greens.
However, this does not create a third-party beneficiary relationship.
the most-experienced provider of third-party maintenance and support for enterprise software applications, saw a 65 percent increase in clients in 2006, for a total of 280, making last year the most significant period of growth in the company's nine-year history.
From May 2011 when the People's Bank of China issued the first batch of payment licenses to July 2013 when the seventh batch was released, the number of licensed third-party payment firms in China soared to 250, with the type of licenses covering seven leading business systems out and out.

Full browser ?