Parties definition: Copy, customize, and use instantly
Introduction
The term "Parties" refers to the entities or individuals that are involved in a contract or agreement. The term is important because it helps clarify the roles and responsibilities of each entity, ensuring that the terms of the contract are properly applied to the correct parties.
Below are various examples of how "Parties" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Parties" as contractual participants
This definition ties "Parties" to contract law.
"Parties" means the individuals, entities, or organizations that have entered into a contractual agreement and are bound by its terms.
Definition of "Parties" as legal entities in litigation
This definition connects "Parties" to legal proceedings.
"Parties" refers to the persons or entities involved in a legal case, including plaintiffs, defendants, and other interested stakeholders.
Definition of "Parties" as signatories to an agreement
This definition links "Parties" to contract execution.
"Parties" means the named entities or individuals who have signed a contract and are responsible for its performance.
Definition of "Parties" as negotiating participants
This definition applies "Parties" to pre-contractual discussions.
"Parties" refers to individuals or entities engaged in negotiations leading to the formation of a legal or business agreement.
Definition of "Parties" as corporate transaction participants
This definition ties "Parties" to mergers and acquisitions.
"Parties" means the businesses, shareholders, or stakeholders involved in a corporate transaction or acquisition.
Definition of "Parties" as affected stakeholders in a legal matter
This definition connects "Parties" to dispute resolution.
"Parties" refers to persons or organizations with a direct interest in a legal dispute, settlement, or resolution process.
Definition of "Parties" as entities bound by a financial contract
This definition links "Parties" to financial agreements.
"Parties" means the lender, borrower, guarantor, or any other entity obligated under a financial contract.
Definition of "Parties" as contracting government bodies
This definition applies "Parties" to public contracts.
"Parties" refers to governmental agencies, private entities, or public institutions entering into agreements for goods or services.
Definition of "Parties" as insurance contract holders
This definition ties "Parties" to insurance policies.
"Parties" means the insurer and the insured, along with any additional beneficiaries covered by an insurance policy.
Definition of "Parties" as counterparties in financial transactions
This definition connects "Parties" to financial instruments.
"Parties" refers to the entities engaged in financial transactions, including swaps, derivatives, or securities lending agreements.
Definition of "Parties" as involved persons in labor agreements
This definition links "Parties" to employment contracts.
"Parties" means the employer, employee, and any labor unions or representatives bound by an employment agreement.
Definition of "Parties" as obligated participants in loan agreements
This definition applies "Parties" to lending transactions.
"Parties" refers to the borrower, lender, guarantor, and any co-signers obligated under a loan agreement.
Definition of "Parties" as vendors and buyers in commercial transactions
This definition ties "Parties" to sales agreements.
"Parties" means the buyer and seller, along with any intermediaries, involved in a commercial sale or purchase agreement.
Definition of "Parties" as responsible entities in joint ventures
This definition connects "Parties" to business collaborations.
"Parties" refers to the entities involved in a joint venture, each assuming specific rights and obligations.
Definition of "Parties" as participants in arbitration
This definition links "Parties" to alternative dispute resolution.
"Parties" means the disputing entities or individuals engaged in arbitration proceedings to resolve a legal or commercial issue.
Definition of "Parties" as shareholders in a corporate agreement
This definition applies "Parties" to shareholder agreements.
"Parties" refers to company shareholders who have agreed to specific terms regarding their ownership and voting rights.
Definition of "Parties" as entities subject to regulatory oversight
This definition ties "Parties" to compliance agreements.
"Parties" means the regulated entities, agencies, and compliance officers subject to a regulatory or compliance agreement.
Definition of "Parties" as involved members in a licensing agreement
This definition connects "Parties" to intellectual property transactions.
"Parties" refers to the licensor and licensee, along with any sublicensing entities, bound by a licensing agreement.
Definition of "Parties" as contributors to a research agreement
This definition links "Parties" to academic and scientific collaborations.
"Parties" means the institutions, researchers, and funding bodies engaged in a research agreement or grant.
Definition of "Parties" as subcontracting entities in construction agreements
This definition applies "Parties" to construction contracts.
"Parties" refers to the contractor, subcontractor, and project owner involved in a construction agreement.
Definition of "Parties" as responsible entities in distribution agreements
This definition ties "Parties" to supply chain transactions.
"Parties" means the manufacturer, distributor, wholesaler, and retailer engaged in a distribution contract.
Definition of "Parties" as bound entities in franchising agreements
This definition connects "Parties" to franchise relationships.
"Parties" refers to the franchisor and franchisee, along with any related affiliates, under a franchising agreement.
Definition of "Parties" as participants in confidentiality agreements
This definition links "Parties" to non-disclosure obligations.
"Parties" means the entities agreeing to protect and limit the disclosure of confidential information.
Definition of "Parties" as obligated members in settlement agreements
This definition applies "Parties" to dispute resolution settlements.
"Parties" refers to the litigants, attorneys, and courts involved in a legal settlement agreement.
Definition of "Parties" as entities in joint defense agreements
This definition ties "Parties" to legal defense strategies.
"Parties" means co-defendants or cooperating entities agreeing to jointly defend against legal claims.
Definition of "Parties" as involved entities in technology agreements
This definition connects "Parties" to software licensing.
"Parties" refers to the software provider, licensee, and end-user bound by a technology or software agreement.
Definition of "Parties" as contributors in crowdfunding agreements
This definition links "Parties" to investment platforms.
"Parties" means the crowdfunding platform, investors, and project creators participating in a funding agreement.
Definition of "Parties" as entities in maritime agreements
This definition applies "Parties" to shipping contracts.
"Parties" refers to the shipowner, charterer, and cargo owner engaged in a maritime shipping agreement.
Definition of "Parties" as bound persons in family law agreements
This definition ties "Parties" to domestic legal matters.
"Parties" means the spouses, parents, guardians, or dependents involved in a family law agreement.
Definition of "Parties" as entities in renewable energy contracts
This definition connects "Parties" to sustainability agreements.
"Parties" refers to the renewable energy producer, off-taker, and regulatory agency engaged in an energy contract.
Definition of "Parties" as participants in venture capital funding
This definition links "Parties" to investment deals.
"Parties" means the investors, founders, and limited partners involved in a venture capital agreement.
Definition of "Parties" as bound entities in international treaties
This definition applies "Parties" to diplomatic agreements.
"Parties" refers to the sovereign states or international organizations signatory to a treaty.
Definition of "Parties" as engaged members in corporate governance
This definition ties "Parties" to corporate oversight.
"Parties" means the board members, executives, and shareholders involved in a corporate governance framework.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.