Party location refers to the addresses and contact methods that can be associated with parties.
Contact methods include client-defined types such as home telephone numbers, fax numbers, cellular telephone numbers, and e-mail addresses.
Addresses can be shared across many parties. If you are adding or updating a party's address an existing address can be associated with it if the address refers to the same physical location; otherwise, a new address is created. A party can use an address of any client-defined type, such as home address or work address.
Addresses can be standardized and validated by third party standardizers.