University of Petroleum and Energy Studies

ABSTRACT

LAW of Contract -II

B.Tech [E.T] + LL.B [I.P.R]

By: To:

ISHAN TIWARI Sujith.P.Surendran

R840212012 College of Legal Studies

500023684

Submitted To – Sujith.P.Surendran

Third party Contract

Legislation in United Kingdom and Cayman Islands

Legally speaking a third party is a person or group who is not a party to a legal contract or transaction, but who has an interest or involvement in some way.

The aim of this project is to look into the matter whether third party have any right regarding the functioning of the contracts. With the advent of the IT age where many transactions are taking place via online retailer’s rights to define the rights of each and every party has become of paramount importance.

Starting with a brief introduction, the Project will discuss Doctrine of Privity of Contract explaining its definition as well as exceptions falling under it.

Then Third party as well as Third Party agreements will be defined.

Then the project will explain in detail the third party beneficiary rights. Under this head historical overview, remedies available, exceptions are listed. Also information regarding Indian scenario has been discussed.

Finally statutes conferring rights on third parties in various countries are listed. This sub-head includes case laws and explain in short various statutes in different countries. Lastly Legislation in UK and Cayman Islands are discussed.