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The fringes are the result of
Creditor Beneficiary
is a third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the third party.
Incidental Beneficiary
An incidental beneficiary is a third party who may benefit from a contract between two other parties, even though the benefits were not directly intended for them.
Privity of Contract
The legal principle that a contract confers rights and imposes obligations only on the parties to the contract, barring any third party from enforcing or interfering with the agreement.
Policy Proceeds
The amount paid out on an insurance policy, typically upon the occurrence of the event insured against.
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