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What Is a Third-Party Beneficiary? Does That Party Always Need

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What is a third-party beneficiary? Does that party always need to be listed in the contract?


Definitions:

Laptop Computers

Portable personal computers designed for mobile use and small enough to sit on one's lap while in use.

Substitutes

Goods or services that can be used in place of each other, where the increase in the price of one leads to an increased demand for the other.

Coffee

A beverage made by grinding and brewing the seeds of the coffee plant, commonly consumed for its stimulating effects.

Tea

An aromatic beverage commonly prepared by pouring hot or boiling water over cured or fresh leaves of the Camellia sinensis plant.

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