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Significance of "Owner" checkbox on contract party team role and any relation to "Access" field

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Summary: What is the use and significance of "Owner" field on contract party team role and any relation it holds to "Access" field w.r.t security on contracts?

Content (required): Want to understand how does "Owner" field work and what does it drive? Does it have any relation to "Access" field? Does "Owner" & "Access" combination work together to drive security and how?

Version (include the version you are using, if applicable): 23A

Code Snippet (add any code snippets that support your topic, if applicable):

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