Collectively The Parties is a term used to refer to the group of people, organisations or entities involved in an agreement. It usually includes the principal parties who have negotiated and agreed upon the terms of the agreement, as well as any other stakeholders who may be affected by the agreement. Collectively The Parties can include companies, organisations, individuals, governments, or any combination thereof. The term works to ensure that all parties involved are collectively responsible for complying with the agreement and that any changes must be accepted by all parties in order for the agreement to remain legally binding.