Episode 28: Three’s Company – When Contracts Benefit Third Parties
Organized: The Business Law Breakdown
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Show Notes
Conclude the season by exploring third-party beneficiary contracts, where agreements benefit someone who isn’t a party to the contract. Professor Oranburg examines how and when third parties can enforce contractual rights. You’ll learn about intended vs. incidental beneficiaries and how courts determine third-party rights. Through engaging examples and case studies, understand the implications of creating third-party rights in various contexts, from insurance contracts to construction agreements. Gain insights into drafting contracts that effectively manage third-party rights and obligations, concluding your comprehensive journey through contract law.