Web4.13 Third Party Beneficiary.The parties hereto acknowledge and agree that Oaktree Acquisition Holdings, L.P. is an intended third party beneficiary and may enforce the … WebThird Party Beneficiaries. (a) The provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended to confer upon any Person except the Parties hereto any rights or remedies hereunder and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third Person with any ...

Third Party Beneficiary Sample Clauses - Law Insider

WebThird-Party Beneficiary. A third-party beneficiary is an individual or legal entity that benefits from the execution of a contract. They may also have certain rights that allow them to enforce the involved parties to adhere to the terms of the contract. Simply put, third-party beneficiaries benefit from a contract but don't necessarily have to ... WebJul 10, 2024 · A third-party beneficiary’s rights are more clear if that person or business is specifically named in the contract. A third-party beneficiary clause is added in such cases … fort wayne indiana colleges

Third Party Beneficiary Contract Example: Everything You

Webthird-party beneficiary: n. 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 made for the third … WebOnce rights vest, the contract cannot be changed or modified unless the third-party consents. Rights: Even though there is no contract privity among the third-party beneficiary and contracting parties. The beneficiary may still have the right to sue them to enforce the contract or seek damages for breach. Generally, the beneficiary can only sue ... WebJul 13, 2024 · A third party beneficiary is someone who is not a party to the contract but stands to benefit from it. Life insurance policies are a classic example of contracts with … dior trunk show