Pacta tertiis nec nocent nec prosunt

The Latin legal maxim “Pacta tertiis nec nocent nec prosunt” translates to “Agreements (or contracts) do not harm (or prejudice) third parties nor do they benefit them.” This principle means that contracts only apply to the parties who have agreed to the terms and do not extend rights or obligations to individuals or entities who are not part of the agreement. In legal terms, this emphasizes that third parties cannot be held responsible for a contract they are not part of, nor can they claim any advantages from such agreements.