In real estate and contract law, a third party is a person who is not one of the primary parties to a contract but whose interests may be affected by it. Although the contract may relate to property or rights in which the third party has an interest, the third party is not a signatory to the agreement.
Generally, no fiduciary duties are owed to a third party unless a specific legal relationship creates such obligations. The rights and remedies of a third party depend on the nature of the contract and applicable law.
