party of the first part
- An old-fashioned term used to name one of the individuals involved in an agreement. Now, the common practice is to categorize individuals with labels such as buyer, seller, lessee, lessor, licensee, or licensor
- In the contract, the party of the first part was identified as the seller.
- The party of the first part, in this case the lessee, must comply with certain obligations.
- The old lease agreement referred to the landowner as the party of the first part.
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