Examlex
Define what a "transactional" relationship is, and discuss how this occurs in logistics.
Intended Beneficiary
A third party for whom a contract is created to benefit, giving them certain rights to enforce the contract.
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.
Rights
Entitlements or permissions granted to individuals or groups by legal systems, societal norms, or moral principles, often protected by law.
Vest
To mature, as in the maturation of rights that allow a party to act legally on the rights.
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