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"Third party" and "vendor" are the most common terms used to describe the business entities or individuals that provide products or services directly to an organization or its customers on the organization's behalf. These days, the terms vendor and third party are often used interchangeably.

An example of a third party would be the escrow company in a real estate transaction; the escrow party acts as a neutral agent by collecting the documents and money that the buyer and seller exchange when completing the transaction. A collection agency may be another example of a third party.

Many couples often think that by discussing their problems with others, they would get solutions to their problems. ing to experts, a third party is a person or group besides the couple, involved in a situation, especially a dispute.

A third party vendor agreement is a contract between two parties that later adds an outside party. In general, the third-party provides goods or services to help one of the parties fulfill its contractual obligations.

Example: Third Party Rights Clause No person who is not a party to this Agreement will have any right to enforce it pursuant to the Contracts (Rights of Third Parties) Act 1999.

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.

Definition(s): relationships with external entities. External entities may include, for example, service providers, vendors, supply-side partners, demand-side partners, alliances, consortiums, and investors, and may include both contractual and non-contractual parties.