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Donee Beneficiary
A third party that benefits from a contract between two other parties, to whom the promisor's performance is a gift.
Promisee
The individual or entity to whom a promise is made and who stands to benefit from the fulfillment of that promise.
Creditor Beneficiary
An individual or entity that benefits from a contract made between two other parties because of a debt owed to them.
Breach of Contract
The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.
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