Third party: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: Linked pages.) |
imported>Doug Williamson (Add definition - source - linked pages.) |
||
| Line 4: | Line 4: | ||
2. ''Law - contract - legal proceedings - agreements - other arrangements - adjective.'' | 2. ''Other situations - noun.'' | ||
Any person, group, organisation or other entity not primarily involved in a situation between two other people, groups, organisations or other entities. | |||
3. ''Law - contract - legal proceedings - agreements - other arrangements - other situations - adjective.'' | |||
Relating to such a person or entity. | Relating to such a person or entity. | ||
Revision as of 17:12, 15 December 2021
1. Law - contract - legal proceedings - agreements - other arrangements - noun.
A person or other entity not directly involved in a contract, transaction or legal proceedings.
2. Other situations - noun.
Any person, group, organisation or other entity not primarily involved in a situation between two other people, groups, organisations or other entities.
3. Law - contract - legal proceedings - agreements - other arrangements - other situations - adjective.
Relating to such a person or entity.
Often written third-party.
For example, KY3P refers to knowledge and understanding of third-party risk in relation to transactions.
Third parties would include, for example, suppliers as well as customers.
