Yes, because the context indicates that the plural possessive of party is required. Party's is the singular possessive. Parties is the plural. For example, "Both parties agree ..."
What is the difference between party's and parties?
“Parties” is the correct plural form of either the noun or verb form of “party”. “Party's” can serve as the singular possessive or as a contraction of a statement, as in “the party is”.
How do you write party plural?
Statistics for party
- party. noun.
- par·ty | \ ˈpär-tē \
- plural parties.
- party. noun.
- plural parties.
