Party Of The Second Part Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Party Of The Second Part, written in plain English, along with examples of how it is used.

What is Party Of The Second Part?

It is a term used to denote or indicate one of the party to the contract. It is not the same party which is identified with the term “the party of the first party”.Infact it is the next party who has enteretd into the agreement.