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LSDefine
Simple English definitions for legal terms
interested party
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A quick definition of interested party:
An interested party is someone who cares about something that is happening and has a reason to be involved. For example, if there is a court case, the people who are involved in the case are interested parties. It's important to include all the interested parties in a case so that everyone's opinions and needs are heard.A more thorough explanation:
An interested party is someone who has a stake in a matter or transaction. This means they have a recognizable interest in the outcome of the situation. For example, if a company is being sold, the employees of that company are interested parties because the sale could affect their jobs.
Another example of an interested party is a shareholder in a company. They have a financial interest in the company's success and therefore have a stake in any decisions made by the company.
Overall, an interested party is someone who has a vested interest in a situation and could be affected by the outcome.