This ontology defines the high-level concepts of parties in roles, for use in other FIBO ontology elements. The concept of a party in a role describes some entity defined specifically in terms of some role which it performs in some formal contractual or transactional relationship. The ontology includes one or more basic party in role concepts. The ontology also includes one or more logical combinations of types of autonomous entity which may perform some of the party roles defined elsewhere in this ontology, such as the role of ownership. Parties Ontology the date a party relationship comes into force has commencement date identifies an independent party associated with an agreement, contract, policy, regulation, or other business arrangement has party identifies a party acting in a specific role as related to the particular agreement, contract, policy, regulation, or other business relationship has party in role identifies an agreement, contract, policy, regulation, or other business transaction that an independent party is associated with is a party to Anything which is capable of performing any business party role, such as an individual, a corporation, a partnership, an association, a joint-stock company, a business trust, or an unincorporated organization. party identifies that which has a membership role in some organization organization member a relative concept that ties an independent party to a specific role they are standing in in which they play some part i.e. are party to party in role 1 1 Copyright (c) 2013-2014 EDM Council, Inc. Copyright (c) 2013-2014 Object Management Group, Inc. http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense Parties.rdf fibo-fnd-pty-pty This ontology defines the high-level concepts of parties in roles, for use in other FIBO ontology elements. The concept of a party in a role describes some entity defined specifically in terms of some role which it performs in some formal contractual or transactional relationship. The ontology includes one or more basic party in role concepts. The ontology also includes one or more logical combinations of types of autonomous entity which may perform some of the party roles defined elsewhere in this ontology, such as the role of ownership. The http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Parties/Parties.rdf version of the ontology was was modified per the issue resolutions identified in the FIBO FND 1.0 FTF report and in http://www.omg.org/spec/EDMC-FIBO/FND/1.0/AboutFND-1.0/. The http://www.omg.org/spec/FIBO/Foundations/20130601/Roles/Parties.owl version of the ontology was revised in advance of the September 2013 New Brunswick, NJ meeting, as follows: (1) to use slash style URI/IRIss (also called 303 URIs, vs. hash style) as required to support server side processing (2) to use version-independent IRIs for all definitions internally as opposed to version-specific IRIs (3) to change the file suffix from .owl to .rdf to increase usability in RDF tools (4) to use 4-level abbreviations and corresponding namespace prefixes for all FIBO ontologies, reflecting a family/specification/module/ontology structure (5) to incorporate changes to the specification metadata to support documentation at the family, specification, module, and ontology level, similar to the abbreviations. (6) to combine Parties, Party Roles, and Roles in a single, new, Parties module, combine Parties and Party Roles into a single ontology, and add an inverse for the hasParty property. http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/ http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/ http://www.omg.org/spec/EDMC-FIBO/FND/DatesAndTimes/FinancialDates/ http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/People/ http://www.omg.org/spec/EDMC-FIBO/FND/Organizations/Organizations/ http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/ http://www.omg.org/spec/ODM/ http://www.w3.org/standards/techs/owl#w3c_all the date a party relationship comes into force identifies an independent party associated with an agreement, contract, policy, regulation, or other business arrangement identifies a party acting in a specific role as related to the particular agreement, contract, policy, regulation, or other business relationship This property should be read referring to some context (known as a "mediating thing" in the informative upper ontology). identifies an agreement, contract, policy, regulation, or other business transaction that an independent party is associated with Anything which is capable of performing any business party role, such as an individual, a corporation, a partnership, an association, a joint-stock company, a business trust, or an unincorporated organization. www.ecfr.gov identifies that which has a membership role in some organization Examples include organization member, issuer, owner, partner in a partnership, shareholder, etc. OMG Property and Casualty Information Models, dtc/12-01-04, Annex A, Glossary of Data Model Terms and Definitions The concept of a party in a role refers only to those contexts in which in natural English one would call someone a 'party' for example being party to a contract or to a transaction; it does not cover entities as performing some role in some activity or process (the separate concept Actor covers that). A good test is whether the relative thing defined as PartyInRole can be sensibly said to have a part or play a part in something. Corresponds to the English (not data moedling) sense of the word "Party". a relative concept that ties an independent party to a specific role they are standing in in which they play some part i.e. are party to