Third-party Beneficiary Principle

Third-party Beneficiary Principle,

Third-party Beneficiary Principle:

If a party to a contract wishes to support a third party during the performance of the contract, it allows a third party to sue the performance of the contract.

Literal Meanings of Third-party Beneficiary Principle

Third:

Meanings of Third:
  1. Do it at number three.

Sentences of Third
  1. Third century

Party:

Meanings of Party:
  1. A gathering of guests usually involving food, drink and entertainment

  2. A formally formed political group that usually operates at the national level and campaigns for elections and seeks to form or participate in government.

  3. One or more people who are part of an agreement or dispute.

  4. Have fun at parties or other festive gatherings, usually with drinks and music.

  5. Divided into different colored parts.

Sentences of Party
  1. Engagement ceremony

  2. Dominant conservative parties

  3. Agreement between the two parties

Synonyms of Party

rave it up, have fun, political party, set, enjoy oneself, cabal, carouse, social gathering, soirée, get-together, litigant, bloc, function, plaintiff, have a wild time, caucus, celebrate, social event, social, defendant, have a party, social occasion, grouping, make merry, group, side, movement, social function, at-home, camp

Beneficiary:

Meanings of Beneficiary:
  1. Someone who benefits from something, especially a trust, will, or life insurance policy.

Sentences of Beneficiary
  1. Australia will benefit from the no-buy policy.

Synonyms of Beneficiary

heiress, heir, inheritor, legatee

Principle:

Meanings of Principle:
  1. A basic truth or statement that serves as the basis of a belief system or practice, or chain of reasoning.

  2. General scientific theory or laws that have many specific uses in a wide range of fields.

  3. The source or basic basis of something.

Sentences of Principle
  1. Fundamentals of Christianity

  2. Physics has a great advantage here, because the ability to draw interesting conclusions from general principles is found earlier in physics than in other sciences.

Synonyms of Principle

postulate, concept, theory, idea, proposition, truth

Third-party Beneficiary Principle,

What is The Meaning of Third-party Beneficiary Principle?

Third-party Beneficiary Principle can be defined as, Allow a third party to comply with the agreement if the parties to the agreement wish to benefit the third party in concluding the agreement.

Literal Meanings of Third-party Beneficiary Principle

Third:

Meanings of Third:
  1. Intervals consisting of three consecutive notes on a diatonic scale, p. Examples C to E (greater than one-third, equivalent to two notes) or A to C (minor one-third, equivalent to one note and one semitone).

Party:

Meanings of Party:
  1. A gathering of guests, often involving food, drink and entertainment.

  2. A formally formed political group that participates in elections and seeks to form or participate in a government.

Sentences of Party
  1. Write the party's election manifesto.

  2. Dress up and have a happy party!

  3. Part of fess, or, and blue

Synonyms of Party

tertulia, rave-up, jolly, rage, thrash, participant, lig, cookout, bop, faction, keg party, frolic, festivity, have a ball, hop, disco, crack, reunion, beer-up, squash

Beneficiary:

Synonyms of Beneficiary

payee, receiver, donee, recipient, cestui que trust, assignee, grantee, devisee

Principle:

Meanings of Principle:
  1. A basic truth or statement that serves as the basis of a belief or practice system or line of reasoning.

  2. A general scientific phrase or law that has many specific uses over a wide range.

Synonyms of Principle

basis, essence, essential, fundamental, assumption, philosophy