Contracts For The Benefit of Third Parties

Contracts for Benefit of Third Persons

O-14: General Governing Rules of ART Contracts Involving Third Parties

Background: ART contracts involving third parties have been created while clinical reproductive treatments are globally widespread. Iran is pioneer in applying these treatments in middle-east due to shii’at jurisprudence prescribing them. This key role in region, has raised Iranian jurists’ responsibility in developing a legal system regarding administration of ART. The most significant part of...

Contracts for the Benefit of Third Persons in Connecticut

Contracts for the Benefit of Third Persons in the Federal Courts

Contracting with Third Parties

odels of bilateral contracting, such as the canonical holdup model, typically assume that third parties are not available. Given this assumption, the equilibrium outcome is not first-best efficient if contracts can be renegotiated. To be more specific, suppose an architect and a builder must cooperate to build a building. The quality of the building will depend on three things: the quality of t...