- party of the first part
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Antiquated language used to identify one of the parties to an agreement. Modern contract practice is to identify parties with abbreviations, or by an identifier such as buyer, seller, lessee, lessor, licensee, or licensor.Category: Business, LLCs & Corporations → Self-Employed Consultants & ContractorsCategory: If, When & Where to File a LawsuitCategory: Mediation, Arbitration & Collaborative LawCategory: Small Claims Court & LawsuitsCategory: Working With a Lawyer
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- party of the first part
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A phrase used in a document to avoid repeating the name of the persons first mentioned in it.
Dictionary from West's Encyclopedia of American Law. 2005.
- party of the first part
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A phrase used in a document to avoid repeating the name of the persons first mentioned in it.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- party of the first part
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n.reference in a written contract to identify one of the people entering into the agreement. The agreement would read "Mary McConnell (hereinafter called The Party of the First Part)." Better practice is to identify the parties by a short form of their name ("hereinafter referred to as McConnell") or as Buyer, Seller, Owner, Trustee or some other useful identification. Name use aids in following and understanding the contract and avoids confusion with "the party of the second part," which identifies another party to the agreement.
Law dictionary. EdwART. 2013.