Examlex
Discuss the reasons a firm may form a strategic alliance.
Promisee
In a third-party beneficiary contract, the party to the contract who owes something to the promisor in exchange for the promise made to the third-party beneficiary.
Third-Party Beneficiary
A recipient of contractual benefits who is not one of the contracting parties; created when two parties enter into a contract with the intended purpose of benefiting a third party.
Creditor Beneficiary
A third party that benefits from a contract made between two other parties, especially in terms of having the right to claim performance or compensation.
Donee Beneficiary
An external party that gains advantages from an agreement established between two different parties.
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