Third Party definition: Copy, customize, and use instantly
Introduction
The term "Third party" refers to an individual, entity, or organization that is not directly involved in a transaction, agreement, or contract but may be affected by or have a role in the agreement's execution. It is essential for clarifying roles, responsibilities, and legal obligations outside of the primary contracting parties.
Below are various examples of how "Third party" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Third party" in legal contracts
This definition ties "Third party" to its role in legal agreements.
"Third party" refers to any individual or entity that is not a party to the agreement but may have rights, obligations, or interests that are affected by the terms of the contract.
Definition of "Third party" for data processing
This definition connects "Third party" to external data processors.
"Third party" means an external entity or organization engaged by one of the parties to process, store, or manage data on their behalf, ensuring compliance with relevant data protection laws and regulations.
Definition of "Third party" for service providers
This definition links "Third party" to outsourced services.
"Third party" refers to an entity hired to provide goods or services to the primary contracting parties but is not directly involved in the contract itself.
Definition of "Third party" for insurance claims
This definition applies "Third party" to the context of insurance.
"Third party" refers to an individual or organization that is not the policyholder or the insurance company but may be entitled to receive benefits or compensation under the insurance policy, typically in cases of liability claims.
Definition of "Third party" for financial transactions
This definition ties "Third party" to financial processes.
"Third party" means a financial institution, intermediary, or other entity involved in facilitating a financial transaction between two primary parties, such as a bank or payment processor.
Definition of "Third party" for intellectual property licensing
This definition connects "Third party" to licensing agreements.
"Third party" refers to a person or entity who is not a party to the licensing agreement but may have rights to use the intellectual property under certain conditions, such as sublicensing rights.
Definition of "Third party" for dispute resolution
This definition links "Third party" to mediation or arbitration.
"Third party" refers to an independent individual or organization involved in resolving disputes between two primary parties, often through arbitration or mediation processes.
Definition of "Third party" for warranties
This definition applies "Third party" to warranty claims.
"Third party" means an external entity, such as a manufacturer or repair service, who may be responsible for honoring a warranty or providing service under the terms of the warranty agreement.
Definition of "Third party" for product liability
This definition ties "Third party" to liability issues in product-related claims.
"Third party" refers to any external entity, such as a manufacturer, distributor, or retailer, that may be held responsible for product defects or safety issues under product liability laws.
Definition of "Third party" for external auditors
This definition connects "Third party" to auditing services.
"Third party" refers to an independent auditing firm or individual hired to review and assess the financial or operational practices of a company, ensuring compliance with laws, regulations, or best practices.
Definition of "Third party" for credit reporting
This definition links "Third party" to credit history and reporting.
"Third party" means an external credit agency or bureau that collects and reports information about an individual’s or business’s creditworthiness to lenders and financial institutions.
Definition of "Third party" for subcontractors
This definition applies "Third party" to contractual relationships.
"Third party" refers to a subcontractor or vendor hired by one of the primary contracting parties to fulfill part of the contract’s obligations, but not a signatory to the main agreement.
Definition of "Third party" for confidentiality agreements
This definition ties "Third party" to non-disclosure clauses.
"Third party" means any individual or entity not directly involved in the contract who may have access to confidential information disclosed during the course of the agreement and is bound by confidentiality obligations.
Definition of "Third party" for technology integration
This definition connects "Third party" to software or technology services.
"Third party" refers to an external vendor or developer who provides software, systems, or services that integrate with a primary party's platform or infrastructure, facilitating functionality or service delivery.
Definition of "Third party" for employment agreements
This definition links "Third party" to employee-related contracts.
"Third party" means an external organization or service provider that works in conjunction with an employer to provide employee-related services, such as payroll processing, benefits administration, or training.
Definition of "Third party" for environmental impact
This definition applies "Third party" to environmental assessments.
"Third party" refers to an independent consultant or organization hired to assess the environmental impact of a project or operation, providing unbiased and objective evaluation and reporting.
Definition of "Third party" for consumer protection
This definition ties "Third party" to consumer rights.
"Third party" means an external entity, such as a consumer protection agency or advocacy group, that has an interest in ensuring consumer rights are upheld and may intervene on behalf of consumers in disputes.
Definition of "Third party" for logistics and shipping
This definition connects "Third party" to transportation and delivery services.
"Third party" refers to an external logistics or shipping company responsible for transporting goods from one location to another on behalf of the primary parties in the contract.
Definition of "Third party" for market research
This definition links "Third party" to research services.
"Third party" refers to an independent firm or consultant hired to conduct market research, surveys, or data analysis on behalf of a business or organization.
Definition of "Third party" for contract enforcement
This definition ties "Third party" to the role of enforcing contractual obligations.
"Third party" refers to an entity or individual who is not directly involved in a contract but may have the authority or responsibility to enforce the terms of the agreement, such as a regulatory body or enforcement agency.
Definition of "Third party" for transaction validation
This definition connects "Third party" to validating transactions.
"Third party" means an external entity, such as a certification body or verification service, tasked with authenticating or validating a transaction or process between two primary parties.
Definition of "Third party" for compliance audits
This definition links "Third party" to compliance oversight.
"Third party" refers to an independent auditor or inspection body responsible for ensuring that a company complies with applicable laws, standards, and regulations.
Definition of "Third party" for cross-border transactions
This definition applies "Third party" to international dealings.
"Third party" refers to an entity, such as a customs broker or international payment service, involved in facilitating, validating, or regulating transactions across national borders.
Definition of "Third party" for warranty enforcement
This definition connects "Third party" to enforcing warranty terms.
"Third party" means an external party, such as a third-party service provider or warranty administrator, responsible for handling claims, repairs, or service under the terms of a warranty agreement.
Definition of "Third party" for marketing collaborations
This definition ties "Third party" to joint marketing efforts.
"Third party" refers to an external agency or partner involved in a marketing collaboration, campaign, or promotional activity with the primary parties to reach a wider audience or achieve a shared goal.
Definition of "Third party" for joint ventures
This definition links "Third party" to partnership agreements.
"Third party" refers to an entity that participates in a joint venture but is not one of the primary contracting parties, sharing in the risks, rewards, and management of the venture.
Definition of "Third party" for financial guarantees
This definition connects "Third party" to financial obligations.
"Third party" means an external individual, institution, or organization that provides a financial guarantee, collateral, or backing for a loan, credit line, or transaction between two primary parties.
Definition of "Third party" for software licensing
This definition applies "Third party" to software agreements.
"Third party" refers to an external developer, vendor, or service provider that provides software or applications under a licensing agreement with the primary parties.
Definition of "Third party" for payment processing
This definition ties "Third party" to the role of handling payments.
"Third party" means an external payment service provider or gateway that processes, approves, and facilitates payments between buyers and sellers, often involving credit card transactions or digital payments.
Definition of "Third party" for healthcare claims
This definition connects "Third party" to medical insurance.
"Third party" refers to a separate entity, such as an insurance company or claims processor, involved in the management, validation, and payment of healthcare claims for a patient.
Definition of "Third party" for auditing financial statements
This definition links "Third party" to external financial reviews.
"Third party" means an independent accounting firm or auditing service hired to review and verify the accuracy and compliance of financial statements provided by the primary parties.
Definition of "Third party" for customer service
This definition applies "Third party" to outsourced support.
"Third party" refers to an external company or provider engaged to handle customer service, support tickets, inquiries, or complaints on behalf of the primary contracting parties.
Definition of "Third party" for product distribution
This definition ties "Third party" to product delivery channels.
"Third party" means an external distributor, dealer, or agent responsible for the sale or distribution of a product or service, acting on behalf of one of the primary parties involved.
Definition of "Third party" for regulatory compliance
This definition links "Third party" to overseeing legal and regulatory requirements.
"Third party" refers to an external body, such as a regulatory agency or compliance monitor, responsible for ensuring that the primary parties adhere to relevant laws and standards.
Definition of "Third party" for dispute resolution services
This definition connects "Third party" to mediation and arbitration.
"Third party" means an independent mediator or arbitrator hired to resolve conflicts or disputes between the primary parties without taking sides or making a final decision.
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.