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LEGALESE: “THIRD PARTY”
The term “third party” in a contractual context refers to any person (which includes a company, partnership or other entity) who is not a signatory to a contract. Third parties often appear in contracts either as a specifically named person/s or a class of people. Third parties can even have rights under a contract, again even though they are not a signatory to the contract. For example a sale of goods contract may stipulate that the parent company of the buyer signatory has the right to enforce certain terms of the contract against the seller signatory. The parent company whilst mentioned in the contract would be a third party as they have not signed the contract.
Should you need expert legal advice regarding a contractual matter, please contact Joseph Seyed Hossein at joseph.hossein@fieldingsporter.co.uk or telephone 01204 540 900 or 0161 834 4722.
The contents of this article are for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
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