Examlex
Explain the difference between partnership distributions and distributive shares.
Assignor
The person who assigns contract rights.
Obligor
The party in a contractual agreement who is bound to provide a payment or performance to the other party, known as the obligee.
Third Party Beneficiary
One for whose benefit a promise is made in a contract but who is not a party to the contract.
Contractual Duty
An obligation created by a contract that requires a party to act or refrain from acting in a certain way.
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