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Third Person
An individual or entity not directly involved in a contract or legal agreement but who may be affected by it or have rights pertaining to it.
Contract Enforcement
The legal process of ensuring that the terms of a contract are fulfilled by the parties involved.
Novation
The act of replacing an obligation to perform with a new obligation or replacing a party to an agreement with a new party.
Mortgage
A legal agreement by which a bank, building society, etc., lends money at interest in exchange for taking the title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
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