Party (noun)
related to contract
This is nowhere near as fun as it sounds! Sorry to disappoint you.
A party in terms of contractual vocabulary, means a person or a group of people. A contract, therefore, is an agreement between two or more parties that is put into writing and must be taken seriously.
Parties can be companies, businesses, countries or even just a single person. It is merely a good umbrella term so that the person writing the contract doesnโt have to keep writing names over and over and over again. Contracts have enough words in them already!
Top 10 Countries to Get All the Pleasure of Online Dating
Gerry: So has your party signed all the documents, Jordan?
Jordan: Ah, no there are still some people left to sign their parts of the contract. It wonโt take long.
Gerry: Okay, well as soon as they are ready please inform me. My party has signed all of the documentation required for this merger.
Jordan: I will contact them right away.
More for you:
Most Important Contract Words with Examples
List of Most Common Political Terms with Their Meanings [Infographic]
50 Popular English Idioms to Sound Like a Native Speaker