";s:4:"text";s:3034:" 2010). Standard Clause that allows the contract parties to specify that non-parties do not benefit from and cannot enforce the contract, with the option to carve out an exception for certain third-party beneficiaries. Owners, advisors, investors and acquirers of private companies join Axial to confidentially conduct business development, identify partners, and to originate and execute financial transactions. “[A] third party beneficiary may sue for breach of a contract made for his benefit . The subcontractor filed a motion for summary judgment, arguing … Our mission is to help every private company … A creditor beneficiary can sue both the promisor and the promisee, but the beneficiary cannot recover against both. at 466, quoting Anderson v. ; Advanced Concepts Chicago, Inc. v. CDW Corp., 405 Ill. App. Third Party Beneficiary Claim against Subcontractor A city filed suit against an engineering subcontractor, asserting that the city was a third-party beneficiary of the subcontract. By enabling the plaintiff to recover as a third party beneficiary of the contract between the city and the defendant-polluter, the court …
. 3d 289, 293 (1st Dist. 2d 239 (Ark., 1971). . “Under Massachusetts law, a contract does not confer third-party beneficiary status unless the ‘language and circumstances of the contract’ show that the parties to the contract ‘clear[ly] and definite[ly]’ intended the beneficiary to benefit from the promised performance.” Cumis, 455 Mass. when the benefit is direct to him.” Id. third-party beneficiary n. a person who is not a party to a contract but has legal rights to enforce the contract or share in proceeds because the contract was made for the third party's benefit. A third party beneficiary is a person who will benefit from a contract made between two other parties, even though the third party is not a party to the contract itself.