21:32
i dont think the concern is that youre going to stay unemployed....
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Simple English definitions for legal terms
Third party
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A quick definition of Third party:
Term: Third party
Definition: A third party is someone who is not directly involved in a situation or agreement. For example, if two people are arguing, a third party would be someone who is not one of the two people arguing. They are not the main people involved, but they may still have some influence or involvement in the situation.
A more thorough explanation:
Third party
A third party is a person or entity that is not directly involved in a dispute or agreement between two other parties. This can refer to someone who is not a principal party, meaning they are not the main person or group involved in the situation.
- When two people are getting a divorce, a mediator may be brought in as a third party to help them come to an agreement.
- If you are buying a house, a third party such as a title company may be involved to ensure that the property is legally transferred to you.
- In politics, a third party refers to a political party that is not one of the two major parties in a country.
These examples illustrate how a third party is someone who is not directly involved in a situation, but may be brought in to help or ensure that everything is done legally and fairly.