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Chapter 11

CONTRACTS INVOLVING MORE THAN TWO PARTIES


ChapterScope

This chapter considers contracts in which more than two parties are involved. The discussion focuses on multiple parties in two different kinds of contracts: (1) contracts in which a party seeks to assign his rights to a third person, or to delegate his duties to a third person; and (2) contracts in which a person who is not an actual party is a beneficiary of the contract. Key concepts:

  • Assignment: An assignment is a present transfer of a party's already-existing rights under a contract.

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