third-party beneficiary contract

  • 1 third party beneficiary contract — in US law a contract that allows a party to whom the parties in a main contract intend to receive a benefit to enforce a duty created by the main contract, irrespective of an issue of consideration: Lawrence v . Fox 20 NY 268 (1859). English law… …

    Law dictionary

  • 2 third-party beneficiary contract — A contract for the benefit of a third person. 17 Am J2d Contr § 302 …

    Ballentine's law dictionary

  • 3 third-party beneficiary — A person who is not a party to a contract, but has legal rights to enforce the contract or share in proceeds because the contract was specifically intended for that person s benefit. For example, a grandparent contracts to buy a car for a… …

    Law dictionary

  • 4 third party beneficiary — n. A person who is not a party to a contract but who will benefit from it and has rights under it. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …

    Law dictionary

  • 5 Third party beneficiary — A third party beneficiary, in the law of contracts, is a person who may have the right to sue on a contract, despite not having originally been a party to the contract. This right arises where the third party is the intended beneficiary of the… …

    Wikipedia

  • 6 Third Party Beneficiary — A person who will benefit from a contract made between two other parties. This third party beneficiary was not a party to the contract itself, but if the contract is fulfilled, the third party stands to realize a benefit. Under certain… …

    Investment dictionary

  • 7 Third-Party Beneficiary — An individual who can sue parties in a contract despite not being a party listed in the original contract document. The third party beneficiaries right to sue, called ius quaesitum tertio, comes from a party in the contract intending to involve… …

    Investment dictionary

  • 8 third-party beneficiary — The beneficiary of a contract made between two other persons. 17 Am J2d Contr § 302 …

    Ballentine's law dictionary

  • 9 third party — One not a party to an agreement, a transaction, or an action but who may have rights therein. See also party privity @ third party action A proceeding distinct from the main action. It is in the nature of an indemnity or contribution, the purpose …

    Black's law dictionary

  • 10 third-party contract — See third party beneficiary contract …

    Ballentine's law dictionary

  • 11 third party — see party 1a, b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. third party n. A p …

    Law dictionary

  • 12 Third party — is often used in the English language in connection with any relationship between two parties or entities to refer to some other person or entity with some involvement, and may refer to:* Third party (politics), in any two party system of… …

    Wikipedia

  • 13 contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …

    Law dictionary

  • 14 beneficiary — ben·e·fi·cia·ry /ˌbe nə fi shē ˌer ē, fi shə rē/ n pl ries: a person or entity (as a charity or estate) that receives a benefit from something: as a: the person or entity named or otherwise entitled to receive the principal or income or both from …

    Law dictionary

  • 15 Contract — law …

    Wikipedia

  • 16 Beneficiary — A beneficiary (also, in trust law, referred to as the cestui que use ) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example: The beneficiary of a life insurance policy …

    Wikipedia

  • 17 beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… …

    Black's law dictionary

  • 18 Contract of sale — Contract law Part …

    Wikipedia

  • 19 party — A person concerned or having or taking part in any affair, matter, transaction, or proceeding, considered individually. A party to an action is a person whose name is designated on record as plaintiff or defendant. M & A Elec. Power Co op, v.… …

    Black's law dictionary

  • 20 beneficiary — /ben euh fish ee er ee, fish euh ree/, n., pl. beneficiaries. 1. a person or group that receives benefits, profits, or advantages. 2. a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc. 3.… …

    Universalium

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