Third party

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If we take it it as granted, per the experimental lexophysics of pioneers such as J.F.M. Biggs that traditional Euclidean geometry does not adequately describe the space-tedium continuum, with its in-folded inclusos, provisos, provisos, then we have to consider whether the usual three-dimensional model of the legal universe is still fit for purpose.

A naive view of commerce would say there are three “dimensions”: the two contractual counterparties (“Party A” and “Party B” or, for old fashioned finance types, “Bank” and “Borrower”) and then the remainder of the universe comprising disinterested third parties.

Tony Blair, of all people, tried to warp the continuum with his ill-fated Contracts (Rights of Third Parties) Act 1999