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 ?
Imposing harsh penalties against third-party payers who bundle immunization administration codes.
Over the past few years, third-party payers, such as large employer-based benefit plans, health maintenance organizations and traditional insurers, have increasingly found a new profit source--recoveries from prescription-drug overcharge litigation.
The employers still owe the taxes, even if the third-party payers have run off with the money the employers provided to pay the taxes, officials say.
Individuals with problems such as lack of fulfillment or poor interpersonal relations are routinely labeled with dysthymia or another official diagnosis so that third-party payers will cover psychotherapy visits.
Second, it largely forced third-party payers (insurance companies, Medicaid, etc.
Apparently the reason for the price increases is to keep corporate profits up despite the weaker economy and other pressures on pharmaceutical company revenue, especially the resistance to high prices by HMOs and other third-party payers.
In the Drug Trading program cooperation was obtained from third-party payers and two pharmaceutical suppliers.
The market for health-care services is considered an imperfect market because--1) Health care is a heterogeneous product, as the patient can experience a range of outcomes; 2) Patients who are insured have third-party payers covering their direct medical expenses; and 3) A "market price" is lacking, i.
These practices are evolving in several different directions, including joint ventures with hospitals or third-party payers, network affiliations of individual practices or large group practices.
That the types of psychotherapeutic interventions selected are driven significantly by the payment structure of third-party payers rather than by client needs or therapist competencies is a scary thought.
No matter what third-party payers say about caring for the patient, it's all about cost.