MLchartDataset catalogue

Donee beneficiary

Term · Law · MLC-T-LAW-001738

A third party who benefits from a contract made between two other parties, where the primary purpose of the contract is to confer a gift upon that third party. The donee beneficiary has legal rights to enforce the contract, even though they were not a direct party to its formation. An example is a life insurance policy where the insured names a beneficiary.

Table 1. Record
IdentifierMLC-T-LAW-001738
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001738",
  "term": "Donee beneficiary",
  "field": "Law",
  "definition": "A third party who benefits from a contract made between two other parties, where the primary purpose of the contract is to confer a gift upon that third party. The donee beneficiary has legal rights to enforce the contract, even though they were not a direct party to its formation. An example is a life insurance policy where the insured names a beneficiary.",
  "url": "https://mlchart.com/terminology/law/donee-beneficiary/"
}

Record 1,620 of 5,441 in Law terminology (MLC-0107). Request the full dataset.