/ˈθɜrd ˈpɑrti/ – Phrase
Definition: bên thứ ba.
A more thorough explanation: In legal terms, a “third party” refers to an individual or entity that is not directly involved in a legal contract or transaction, but may be affected by it or have some interest in it. Third parties are not part of the original agreement between two parties, but their rights or obligations may be impacted by the agreement.
Example: In the contract, it states that any disputes between the two parties must be resolved through arbitration, with a third party acting as the mediator.