Examlex
What is foreign licensing? What advantages does it offer over exporting and direct investment?
Intended Beneficiary
A person or entity that is not a party to a contract but stands to benefit from the contract's performance.
Obligor
A contractual party who agrees to do something for the other party.
Donee Beneficiary
A donee beneficiary is a third party who benefits from a contract made between two other parties, where the intent is to gift the benefits of the contract to this third party.
Incidental Beneficiary
A third party who benefits from a contract incidentally but has no legal right to enforce the contract or claim damages.
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