A third party agreement is an contract between two parties that is used to add a third party to be governed under the terms of the original agreement. The third party agreement has more than one form and the characteristics of the contract depend entirely on the initiative of the parties. The purpose of signing a third-party agreement is to indicate someone to whom one can transfer responsibilities and duties if one of the parties fails to fulfill the contract. When this contract is signed and the person in the main contract fails to fulfill his responsibilities, the person who will be responsible also has the rights of the main person who cannot fulfill his responsibilities.
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