What is a third-party beneficiary?

A third-party beneficiary is someone who is a beneficiary of a contract, but they are not a party to the contract. In other words, they are not directly involved in the agreement but can still benefit from it. This type of arrangement is common in contract law. In Nebraska, a third-party beneficiary can enforce a contract that was made for their benefit. This can be done either through direct enforcement or through a claim for damages if the other parties fail to comply with the provisions of the contract. For example, if a contract is made between two parties, one of which is a company that provides a service to a third-party, the third-party might be able to enforce the contract if the company fails to fulfill its contractual obligations. Additionally, a third-party beneficiary can be used as part of a contract to ensure that all parties involved benefit from the contract, rather than just one party. This is beneficial when the parties have conflicting interests, as it helps to prevent any one party from taking advantage of the others.

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What is a third-party beneficiary?

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