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 ?
Additionally, hiring the third party firms is more cost-effective than investing in own logistic operations.
Banlaoi said the third party probe will help the public scrutinize the statements issued by the Philippine government and China about the incident.
Criteria should include, at a minimum, the industry sector, jurisdiction and type of the third party; the nature of the contractor's relationship; and the third party's relationship with government entities.
Many companies that were assumed to have --and may truly have had--a high level of transparency have become embroiled in corruption investigations or hit with large FCPA fines because some third party offered or took a bribe on the company's behalf.
Issues raised during third party's sessions can become injurious to the marriage, when it comes to public view.
Insurance companies contended that it was not possible to take third party insurance sum for 20 years at one go.
He further disclosed that days before the premiere of the Number 12 investigative piece, that third party tried to 'compromise' the documentary, 'but now that Kwesi Nyantakyi is the one making the allegation, he should mention the name and I will also come out with mine, and we will see who is telling the truth.'
Efforts to regulate third party spending have been ongoing since Canada started monitoring federal election expenses in the 1970s.
Research from uSwitch.com has found nearly three-quarters (72%) of drivers mistakenly believe third party motor insurance is always cheaper than fully comprehensive cover, so could be overpaying by as much as PS929 by only searching for third party policies, according to the price comparison and switching service.
Motorists could be overpaying for their car insurance by as much as PS929 by only searching for third party policies, according to the price comparison and switching service.
As the trusted source in third party risk assurance, the member-driven Shared Assessments Program has been setting the standard in third party risk assessments since 2005.