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Third-Party Ownership (TPO) in association football is the ownership of a player's economic rights by third-party sources. The third-party—which can be an agent such as a football agent, an agency, such as a sports-management agency, a company, investors such as a hedge-fund, or a single investor—"takes ownership of all or part of the financial rights to a player".
It must be the third party who relied on the term, rather than another party closely related to the third party. If the third party relies on the terms of the contract, which are then breached, he can not only claim damages for any loss he suffered from relying on the contract but also for "standard" damages, such as loss of profit. [39]
Privity is a doctrine in English contract law that covers the relationship between parties to a contract and other parties or agents. At its most basic level, the rule is that a contract can neither give rights to, nor impose obligations on, anyone who is not a party to the original agreement, i.e. a "third party".
Third-party management solutions are technologies and systems designed to automate the performance of one or more third-party management processes or functions. Such solutions are external-facing and designed to complement internal-facing governance, risk and compliance ( GRC ) systems and processes.
An integrity pact is a multi-party agreement by a public body seeking to procure goods and services of significant value. As a tool for preventing corruption in public contracting, companies interested in bidding to supply the goods and services give a third party organisation, such as a civil society organisation, a role in monitoring compliance with the pact.
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The holiday season is well underway, which means your calendar is probably filled up with social events ranging from Secret Santa gift swaps to work holiday parties. All of that socializing means ...