Third party rights in contracts can arise by assignment of rights, delegation of duties, or in third party beneficiary contracts.

Question

Quizplus · Accepted Answer

Third party rights in contracts can indeed arise through the assignment of rights, where a party to the contract transfers their benefits under the contract to a third party; delegation of duties, where a party to the contract transfers their obligations under the contract to a third party; and in third party beneficiary contracts, where the contract is specifically intended to benefit a third party, giving them rights under the contract.

Third Party Rights in Contracts Can Arise by Assignment of Rights