Examlex
Systems design:
Donee Beneficiaries
Individuals or entities that receive benefits from a contract, though they are not one of the primary parties involved in the agreement.
Creditor Beneficiaries
Third parties that benefit from a contract between two other parties because one party promises to pay a debt owed to the beneficiary.
Incidental Beneficiaries
Individuals or entities that unexpectedly benefit from a contract, despite not being directly involved in its formulations.
Creditor Beneficiary
A third party that benefits from a contract made between two other parties, especially regarding debt repayment.
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