What is a third-party beneficiary?

A third-party beneficiary is someone who is not a party to a contract, but who is legally entitled to its benefits. This occurs when a contract is made between two or more individuals, and one of them wants to give a third party the right to receive the benefit of the contract. This can be done to benefit a family member, a charitable organization, or even a business. In Mississippi, third-party beneficiary rights are typically found in contracts that involve insurance, wills, or trusts. Third-party beneficiary rights can include the ability to sue for breach of contract, seek compensation, or accept and maintain the benefits of the contract. In some cases, the third-party may be able to modify the terms of the contract. It’s important to know that the third-party beneficiary must accept their rights before the contract is finalized in order for their claim to be enforceable. Third-party beneficiary rights in Mississippi are determined on a case-by-case basis. Courts may consider the intent of the parties when determining whether a third-party beneficiary is entitled to their rights. It is best to consult an attorney with any questions about third-party beneficiary rights in Mississippi.

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What is a third-party beneficiary?

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