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Dictionary by pitch.dog
Core contract language · Working

Third-party beneficiary

Also called: third-party rights

ELI5

A non-party given enforceable rights under an agreement where the law and drafting permit.

Used in conversation

“Counsel wants third-party beneficiary clarified before anyone signs.”

Pitch context

You will see “Third-party beneficiary” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches core contract language.

Why it matters: In core contract language, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.