Examlex
Residents around Lake Gunter have been warned not to drink their water because it contains some unknown chemical contaminant that could be harmful.What is this called?
Intended Beneficiary
An intended beneficiary is a person or entity that, although not a direct party to a contract, stands to benefit from the contract's performance as intended by the involved parties.
Creditor Beneficiary
A third party that benefits from a contract, specifically where one party promises to pay a debt owed by another party to this third party.
Donee Beneficiary
A third party that benefits from a contract wherein the promisor agrees to give a gift or confer a benefit directly to the third party.
Assignment
The transfer of rights, duties, or property from one party to another, often used in the context of contracts and property law.
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