“Party of the First Part” is a term commonly used in legal documents, particularly contracts, to refer to one of the involved parties. It is often used alongside “Party of the Second Part” to clearly delineate the roles and responsibilities of each party in the agreement. The “Party of the First Part” typically refers to the individual or entity that is mentioned first in the contract or holds a primary position in the transaction or agreement being discussed. This term helps to clarify the identities and obligations of the parties involved in the contractual relationship.
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This glossary post was last updated: 29th March, 2024.
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