Parties Ontology Copyright (c) 2013-2014 EDM Council, Inc. Copyright (c) 2013-2014 Object Management Group, Inc. Parties.rdf 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. 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. fibo-fnd-pty-pty http://www.omg.org/spec/EDMC-FIBO/AboutTheEDMC-FIBOFamily/ http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Parties/Parties.rdf http://www.omg.org/spec/EDMC-FIBO/FND/AboutFND/ 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/AboutParties/ http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/ http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/ http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/ http://www.omg.org/spec/FIBO/Foundations/20130601/Agreements/Parties.owl http://www.omg.org/spec/ODM/ http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense http://www.w3.org/standards/techs/owl#w3c_all has commencement date the date a party relationship comes into force has party identifies an independent party associated with an agreement, contract, policy, regulation, or other business arrangement has party in role identifies a party acting in a specific role as related to the particular agreement, contract, policy, regulation, or other business relationship is a party to This property should be read referring to some context (known as ‘mediating thing’) in the informative upper ontology. identifies an agreement, contract, policy, regulation, or other business transaction that an independent party is associated with party 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 organization member identifies that which has a membership role in some organization party in role 1 1 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 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