third party

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third party

a person who is involved by chance or only incidentally in a legal proceeding, agreement, or other transaction, esp one against whom a defendant claims indemnity

Third Party

 

in civil law, a participant in a proceeding who has a legal interest in the outcome of the dispute between the plaintiff and defendant. Soviet law distinguishes two categories of third parties.

The first type of third party makes an independent claim to the subject matter of the dispute. Such a third party may intervene in a case to protect his rights or lawful interest by filing a suit against one or both of the parties, on the same ground of action as the original suit. For example, in a dispute concerning the division of an inheritance among heirs by operation of law, an heir under the will may intervene, filing a suit to have himself recognized as having rights to all or part of the property to be inherited. Such a third party possesses all the rights and duties of the plaintiff and defendant.

The second type of third party does not make an independent claim to the subject matter of the dispute. Such a third party in tervenes in the case on the side of the defendant or plaintiff. The third party may be joined in the case on his own initiative, or he may be brought in on the initiative of the court or by the petition of the plaintiff, defendant, or procurator. For example, in a suit brought by a citizen against a motor vehicle transport organization to receive compensation for damage caused by a motor vehicle, the driver of the vehicle may participate in the case in the capacity of a third party on the side of the defendant. If the claim of the victim against the organization is satisfied, the organization may file an indemnity action against the driver. A third party of this type has most of the rights and duties of a plaintiff or defendant.

third party

A separate individual or organization other than the two principals involved. A third party is typically a company that provides an auxiliary product not supplied by the primary manufacturer to the end user (the two principals). Countless third-party add-on and plug-in products keep the computer industry advancing at a rapid pace. The third-party vendor is often the most innovative.
References in periodicals archive ?
What the client is not aware of is that some of the agreements between the third-party administrator and the vendor include the third-party administrator directly receiving money back from the vendor on every hour billed.
But pharmaceutical industry representatives claim that the savings that Medicare could realize by bidding out pharmacy services to third-party administrators would be much greater than the savings that would be generated by President Clinton's plan to require a 17% rebate from pharmaceutical manufacturers.
"The benefit of using a third-party administrator is that it's a check-and-balance system with a third-party administrator that you don't necessarily have with a carrier," he said.
A third-party administrator processes insurance claims for separate entities without underwriting or assuming the risks of the businesses they represent.
In the termination letter; Millennium laid out a series of complaints it had against BKD, which had been the Millennium plan's third-party administrator since early 2001.
The reason is simple: As the agent for our company, I communicate directly with the HMOs, PPOs, third-party administrators and various insurance companies throughout the United States.
The firm contracted with a third-party administrator, which receives and reviews all employee claims against the firm's plan.
Rather, it is contracted out to third-party administrator firms, or TPAs.
18 October 2018 - US-based recordkeeping services provider, third-party administrator, and government savings facilitator Ascensus has acquired employee stock ownership plan repurchase obligations software specialists ESOP Economics, the company said.
22 August 2018 - US-based recordkeeping services provider, third-party administrator, and government savings facilitator Ascensus has entered into an agreement to acquire California, US-based third-party administration firm PenSys, the company said.
Coverdell is a licensed insurance broker, discount medical plan organisation and third-party administrator, providing direct marketing of insurance and membership programmes to many of the largest financial services institutions in the United States and Canada.
With 46 offices across the country, it manages benefit plans as a third-party administrator (TPA) serving over 800,000 health plan members and dependents and over 900,000 retirement plan participants for Taft-Hartley trust funds, trade associations, government entities and corporate employers.