Contract Law Chapter 7

Front 1

Third Parties

Back 1

to an existing contractual relationship are those who are not the offeror or offeree but who might still have rights in or be entitled to receive benefits from the agreement.

Front 2

Privity of Contract

Back 2

Private bargaining relationship

Front 3

Intended beneficiary

Back 3

A third party to a contractual agreement who was intended to benefit from a contract between two other parties such as the beneficiary of a life insurance policy.

Front 4

Incidental beneficiary

Back 4

A third party to a contractual agreement who was not originally intended to benefit from a contract between two other parties and therefore cannot enforce the agreement if it fails to be executed by the parties.

Front 5

Assignment

Back 5

When contractual rights are transferred to another

Front 6

Delegation

Back 6

When a party to a contract transfers responsibility (i.e. duties) to another but is still legally responsible for any nonperformance as opposed to an outright assignment.

Front 7

assignor

Back 7

The party who transfers some legal or contractual right.

Front 8

Assignee

Back 8

The party to whom a contract right has been transferred or assigned.

Front 9

Personal Services Contract

Back 9

A nontransferable contract in which unique talents, abilities, or skills are contracted for thereby rendering a delegation or assignment null and void. Often occurs in sports, artistic, or entertainment related contracts.

Front 10

Delegator

Back 10

One who remains ultimately responsible for the transfer of a responsibility to a delegee. A delegator might also be know as a delegor or delegant.

Front 11

Delegee

Back 11

The person to whom a contractual duty is delegated.