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LSDefine

Simple English definitions for legal terms

intended beneficiary

Read a random definition: emptrix

A quick definition of intended beneficiary:

An intended beneficiary is someone who is not a part of a contract but is meant to benefit from it. This happens when two parties make an agreement and one of them promises to do something that will help the third party. The third party is called the intended beneficiary because the two parties intended to benefit them. This is different from a donee beneficiary, who is someone who benefits from a contract but was not intended to do so.

A more thorough explanation:

An intended beneficiary is a third party who is intended to benefit from a contract between two parties. This means that the two parties involved in the contract have specifically included the third party as a beneficiary and have provided consideration to ensure that the other party performs in a way that benefits the intended beneficiary.

  • John hires a contractor to build a house for him. As part of the contract, John specifies that the house is being built for his daughter, Sarah, and that she is an intended beneficiary of the contract. The contractor agrees to build the house in a way that benefits Sarah, and John provides consideration to ensure that the contractor performs. In this case, Sarah is an intended beneficiary.
  • ABC Company enters into a contract with XYZ Company to provide goods. As part of the contract, ABC specifies that the goods are being provided for a specific customer, and that the customer is an intended beneficiary of the contract. XYZ agrees to provide the goods in a way that benefits the customer, and ABC provides consideration to ensure that XYZ performs. In this case, the customer is an intended beneficiary.

These examples illustrate the concept of an intended beneficiary, where a third party is specifically included in a contract and is intended to benefit from it. The two parties involved in the contract provide consideration to ensure that the other party performs in a way that benefits the intended beneficiary.

intellectual property clause | intent

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starfishies
15:17
so be weary law school forum goers
ronniedoeslaw
15:23
Reading is a form of meditation
15:24
omg im training a new girl tmw to take over my position and she twenny year old
15:25
when i was twenty i was drunk every night!! im nervous who else
NosyBeagle
15:31
real. I am mostly sober now. what a world
15:32
awe congrats i wish i could be sober maybe after law school
@bigfatsloth: Where are you going to attend?
15:44
wake forest unless notre dame accept me last second and offer a kabillion dollars
15:57
Whelp, my second full practice test is through
im mostly sober too
16:06
im ready to cook senior year and then hopefully move to Malibu :)
16:09
slay
16:11
yo yall bouttta miss the washu zoom
NosyBeagle
16:35
im not applying there. yall have fun
Mostlylegal
16:40
dude we getting litty in the washu zoom
Mostlylegal
16:40
thats where all the baddies hangout
Mostlylegal
16:40
just did coke off this one girls tits at the washu zoom, i cant believe people didnt sign up for this shit LMAO
did you hook up with the girl at your gulc interview
Mostlylegal
16:43
bruh I dont do hookups
Mostlylegal
16:43
but thanks for remembering
oh but coke is okay
Mostlylegal
16:56
it is not what goes into the mouth that defiles the man but what comes out of it.
Mostlylegal
16:56
can I get an amen?
NosyBeagle
17:01
AMEN
18:22
yall r some interesting folks in here
18:23
we gonna run some tests on u lot
18:37
ALRIGHT MAN
@slimelaw: who is "we?" Weirdo
20:11
@Mostlylegal: top > else
slimelaw
20:26
@PremiumFrequentCrane: me and you
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