A third party is someone who is not directly involved in an event or process but has a stake in it. For example, a lawyer may be considered a third party to a divorce proceeding because they are not directly involved in the divorce and have no direct stake in it but still have an interest in it.
Third parties can be organizations or individuals that are not directly involved in an event or process but have a stake in it. For example, a lawyer may be considered a third party to a divorce proceeding because they are not directly involved in the divorce and have no direct stake in it, but still have an interest in it.
Third parties can also be thought of as outsiders who are unable to influence how two other people interact with each other. In this sense, they are like referees who must stay neutral and unbiased during sporting events so that neither team feels there was unfairness on their part during these matches.
The third party is a person who is not a party to a contract but who has an interest in the subject matter of the contract. A third party may be involved in a contract in two different ways:
- As an otherwise innocent bystander who suffers loss as a result of a breach of contract by one or both parties and seeks recovery from one or both parties.
- As an active participant in the transaction between the first and second parties, who seeks to enforce his own rights against one or both parties for breach of contract.
