THIRD-PARTY BENEFICIARIES

Other Names: No Third-Party Beneficiaries • No Third-Party Rights • Intended Third-Party Beneficiaries

Sample Clause Language:

This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Source: Hunt Companies Finance Trust, Inc. (2020, January 6). Form 8-K. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml

 

Description:

Third-Party Beneficiaries clauses provide either that (1) non-parties do not benefit from and cannot enforce this agreement, or (2) that certain non-parties are intended to have benefits and can enforce this agreement. The sample clause here provides that no third-parties will have enforceable rights under the agreement.

Common Contracts with this Clause:

  • All Commercial Agreements
 

What you'll see with Lawgood:

Number of Positions Available:

Three (3) Alternative Positions

  • No Third-Party Beneficiaries
  • No Third-Party Beneficiaries w/ Exceptions
  • Intended Third-Party Beneficiaries

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