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incidental beneficiary
(redirected from Third party beneficiary)

   Also found in: Wikipedia 0.01 sec.

incidental beneficiary n. someone who obtains a benefit as the result of the main purpose of the trust. Example: the co-owner of property with a named beneficiary may benefit from moneys provided to improve the building they jointly own, or a grandchild might benefit from his/her parent receiving a gift which could be used by the entire family, or which he/she may inherit from the parent. (See: beneficiary, trust)



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LLC: Plaintiff alleges breach of contract, negligence, third party beneficiary.
First, the question of individually enforceable rights in treaties is more structurally similar to the question of third party beneficiary rights under contracts than to the issue of private rights of action in statutes.
In addition to these administrative issues, the lender should make sure that it is named as a third party beneficiary under the tenancy and management agreements.
 
 
 
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