objective party
[/əbˈdʒɛktɪv ˈpɑːrti/]
noun phrasepl: objective parties
parte objetiva
1. In legal contexts, a party whose interests are directly affected by the outcome of a case or proceeding, or a party with a demonstrable stake in the matter being adjudicated
The objective party in the contract dispute was clearly the company that suffered financial losses.
A parte objetiva na disputa contratual era claramente a empresa que sofreu perdas financeiras.
2. In general usage, a participant or stakeholder with verifiable or concrete involvement in a situation, as opposed to a third party with only peripheral interest
As the objective party to the agreement, she had the right to enforce its terms.
Como a parte objetiva do acordo, ela tinha o direito de fazer cumprir seus termos.
This term is primarily used in legal and formal business contexts in both Brazil and the United States. In Brazilian law, 'parte objetiva' is a technical term often used in civil procedure and contract law. The concept is important in determining legal standing and the right to bring or defend an action. In American English-speaking contexts, 'objective party' is less commonly used than 'interested party' or 'stakeholder,' which are preferred in modern usage.
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