Template:Third-party source
Template:Selfref Template:Wiktionary
In commerce, a "third-party source" means a supplier (or service provider) who is not directly controlled by either the seller (first party) or the customer/buyer (second party) in a business transaction.[1] The third party is considered independent from the other two, even if hired by them, because not all control is vested in that connection. There can be multiple third-party sources with respect to a given transaction, between the first and second parties. A second-party source would be under direct control of the second party in the transaction.[2]
In Information Technology, a "third-party source" is a supplier of software (or a computer accessory) which is independent of the supplier and customer of the major computer product(s).
There are other uses of the term "third-party source" as well.
See also
References
- ↑ Template:Cite web
- ↑ "Definition - third party", Yale.edu, 2011, web: YLic Template:Webarchive, states: "not directly involved in the transaction".