third-party beneficiary

  • 1third-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

  • 2third–party beneficiary — see beneficiary d Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …

    Law dictionary

  • 3third 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

  • 4Third 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

  • 5Third 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

  • 6third 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

  • 7Third-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

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

    Ballentine's law dictionary

  • 9third-party beneficiary contract — A contract for the benefit of a third person. 17 Am J2d Contr § 302 …

    Ballentine's law dictionary

  • 10third party — see party 1a, b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. third party n. A p …

    Law dictionary