Examlex
Before adopting new regulations to govern Internet-based phone services,the Federal Communications Commission may not
Delegation of Duties
The process of assigning specific responsibilities or tasks to another individual, often within an organizational setting.
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.
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