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Third party means any person (including companies, partnerships, legal entities, churches, governmental authorities and agencies) who is not a party to the agreement.
A third party is an entity that is involved in some way in an interaction that is primarily between two other entities. A contract might be, for example, between a software company that creates a mobile app and an end user.
What Is a Third Party? A third party is an individual or entity that is involved in a transaction but is not one of the principals and, thus, has a lesser interest in the transaction.
party beneficiary is a person or business that benefits from the terms of a contract made between two other parties. In law, a thirdparty beneficiary may have certain rights that can be enforced if the contract is not fulfilled.
Third party contracts are agreements that involve a person who isn't a party to a contract but is involved with the transaction. This person may be a buyer representing one of the parties.