No third party beneficiary rights

The "No Third Party Beneficiary Rights" clause specifies that the contract is only intended to benefit the parties involved, and not any outside individuals or entities. This ensures that no third party can claim any rights or demand any obligations from the parties based on the contract.

26 No third party beneficiary rights examples

  • Description
    12. No Third Party Beneficiary Rights. No person that is not a party to this Agreement shall have any benefit or any third-party beneficiary rights as a result of this Agreement.
    Document
    Merion, Inc.
  • Description
    12. Successors and Assigns; No Third Party Beneficiary Rights. All of the provisions of this Agreement shall be binding upon and inure only to the benefit of the parties hereto and their respective heirs, if any, successors, and assigns. No provision of this Agreement shall in any way inure to the benefit of any third party (including the public at large) so as to constitute any such person a third party beneficiary of this Agreement or any provision hereof, or otherwise give rise to any cause of action in any person not a party hereto.
    Document
    MACOM Technology Solutions Holdings, Inc. (MTSI)
  • Description
    7.Miscellaneous.  The provisions of Article 18 (Dispute Resolution) of the Collaboration Agreement and Article 19 (General Provisions) of the Collaboration Agreement (other than Section 19.9 (No Third Party Beneficiary Rights) of the Collaboration Agreement and Section 19.12 (Entire Agreement) of the Collaboration Agreement) are incorporated herein by reference and will apply to this Agreement, mutatis mutandis, as if fully set forth herein.
    Document
    MeiraGTx Holdings plc (MGTX)
  • Description
    4.7               No Third Party Beneficiary Rights. This Agreement shall be construed to benefit the Participants and their respective successors and assigns only, and shall not be construed to create third party beneficiary rights in any other party or in any governmental organization or agency.
    Document
    ARRAS MINERALS CORP. (ARRKF)
  • Description
    4.7               No Third Party Beneficiary Rights. This Agreement shall be construed to benefit the Participants and their respective successors and assigns only, and shall not be construed to create third party beneficiary rights in any other party or in any governmental organization or agency.
    Document
    ARRAS MINERALS CORP. (ARRKF)
  • Description
    Section 4.11          No Third Party Beneficiary Rights. No provisions of this Agreement are intended, nor will be interpreted, to provide or create any third party beneficiary rights or other rights of any kind in any client, customer, affiliate, stockholder, member, or partner of any Party hereto or any other person or entity unless specifically provided otherwise herein, and, except as so provided, all provisions hereof will be personal solely between the Parties hereto.
    Document
    TOP SHIPS INC. (TOPS)
  • Description
    (d)No Third Parties Benefitted. This Agreement is entered into for the sole benefit of the parties hereto and no third party beneficiary rights shall be created hereby.
    Document
    KBS Real Estate Investment Trust III, Inc. (KBSR)
  • Description
    8.    No Third Party Beneficiary Rights. There are no third party beneficiaries to this Assignment Agreement, and no third party may invoke any provision hereof in its defense or in advancing any grievance or position as against any other person or entity.
    Document
    BLACKBAUD INC (BLKB)
  • Description
    Section 6.16    No Third Party Beneficiary Rights. No provisions of this Agreement are intended, nor will be interpreted, to provide or create any third party beneficiary rights or other rights of any kind in any client, customer, affiliate, stockholder, member, or partner of any Party hereto or any other person or entity unless specifically provided otherwise herein, and, except as so provided, all provisions hereof will be personal solely between the Parties hereto.
    Document
    TOP SHIPS INC. (TOPS)
  • Description
    12.8 No Third Party Beneficiary Rights. The provisions of this Agreement are for the sole benefit of the Parties and their successors and permitted assigns, and they shall not be construed as conferring any rights to any Third Party (including any third party beneficiary rights).
    Document
    Affinia Therapeutics Inc.
  • Description
    12.8 No Third Party Beneficiary Rights. The provisions of this Agreement are for the sole benefit of the Parties and their successors and permitted assigns, and they shall not be construed as conferring any rights to any Third Party (including any third party beneficiary rights).
    Document
    Affinia Therapeutics Inc.
  • Description
    Section 6.16          No Third Party Beneficiary Rights. No provisions of this Agreement are intended, nor will be interpreted, to provide or create any third party beneficiary rights or other rights of any kind in any client, customer, affiliate, stockholder, member, or partner of any Party hereto or any other person or entity unless specifically provided otherwise herein, and, except as so provided, all provisions hereof will be personal solely between the Parties hereto.
    Document
    TOP SHIPS INC. (TOPS)
  • Description
    Section 6.16  No Third Party Beneficiary Rights. No provisions of this Agreement are intended, nor will be interpreted, to provide or create any third party beneficiary rights or other rights of any kind in any client, customer, affiliate, stockholder, member, or partner of any Party hereto or any other person or entity unless specifically provided otherwise herein, and, except as so provided, all provisions hereof will be personal solely between the Parties hereto.
    Document
    TOP SHIPS INC. (TOPS)
  • Description
    15.10 No Third Party Beneficiary Rights. Except as expressly stated herein, this Agreement is not intended to and shall not be construed to give any Third Party any interest or rights (including, without limitation, any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
    Document
    Zentalis Pharmaceuticals, LLC (ZNTL)
  • Description
    15.10 No Third Party Beneficiary Rights. Except as expressly stated herein, this Agreement is not intended to and shall not be construed to give any Third Party any interest or rights (including, without limitation, any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
    Document
    Zentalis Pharmaceuticals, LLC (ZNTL)
  • Description
    24.7 No Third Party Beneficiary Rights. It is the intention of the parties that no term of this Agreement may be enforced by any person who is not a party to this Agreement notwithstanding that any term of this Agreement may purport to confer, or may be construed as conferring, any benefit on such third party and irrespective of whether such third party is identified in this Agreement.
    Document
    INPIXON (XTIA)
  • Description
    15.10 No Third Party Beneficiary Rights. Except as expressly stated herein, this Agreement is not intended to and shall not be construed to give any Third Party any interest or rights (including, without limitation, any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
    Document
    Zentalis Pharmaceuticals, Inc. (ZNTL)
  • Description
    12.17         No Third Party Beneficiary Rights. Except for the benefits granted to and the rights of any Sublicensees pursuant to Section 2.2, in each case explicitly provided for in this Agreement, this Agreement is not intended to and shall not be construed to give any Third Party any interest or rights (including, without limitation, any Third Party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
    Document
    Coeptis Therapeutics Holdings, Inc. (COEP, COEPW)
  • Description
    15.10No Third Party Beneficiary Rights. Except as expressly stated herein, this Agreement is not intended to and shall not be construed to give any Third Party any interest or rights (including, without limitation, any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
    Document
    Zentalis Pharmaceuticals, Inc. (ZNTL)
  • Description
    10.10No Third Party Beneficiary Rights. This Agreement is not intended to and shall not be construed to give any Third Party any interest or rights (including any Third Party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby, except as otherwise expressly provided for in this Agreement.
    Document
    LAVA Therapeutics NV (LVTX)
  • Description
    11.10No Third Party Beneficiary Rights. Except as expressly provided in this Supply Agreement, this Supply Agreement is not intended to and will not be construed to give any Third Party any interest or rights (including any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
    Document
    NOVAVAX INC (NVAX)
  • Description
    (h) No Third Party Beneficiary Rights Except as expressly set out herein, this Agreement is for the benefit of the Parties and their respective successors and permitted assigns only, and shall not be construed to create beneficiary rights in any other Person. This Agreement is not intended to confer any benefits upon, or create any rights in favour of, any Person or entity other than the Parties.
    Document
    ROYAL GOLD INC (RGLD)
  • Description
    (d)No Third Parties Benefitted. This Agreement is entered into for the sole benefit of the parties hereto and no third party beneficiary rights shall be created hereby.
    Document
    KBS Real Estate Investment Trust III, Inc. (KBSR)
  • Description
    11.14Parties in Interest; No Third Party Beneficiary Rights. All of the terms and provisions of this Agreement shall be binding upon, and shall inure to the benefit of and be enforceable by the Parties hereto and their respective successors, heirs, administrators and permitted assigns. The provisions of this Agreement are for the sole benefit of the Parties and their successors and permitted assigns, and they shall not be construed as conferring any rights to any Third Party (including any third party beneficiary rights).
    Document
    XOMA Corp (XOMA, XOMAO, XOMAP)
  • Description
    11.14   Parties in Interest; No Third Party Beneficiary Rights.  All of the terms and provisions of this Agreement shall be binding upon, and shall inure to the benefit of and be enforceable by the Parties hereto and their respective successors, heirs, administrators and permitted assigns.  The provisions of this Agreement are for the sole benefit of the Parties and their successors and permitted assigns, and they shall not be construed as conferring any rights to any Third Party (including any third party beneficiary rights).
    Document
    XOMA Corp (XOMA, XOMAO, XOMAP)
  • Description
    11.11 No Third Party Beneficiary Rights. The provisions of this Agreement are for the sole benefit of the Parties and their successors and permitted assigns, and they will not be construed as conferring any rights to any Third Party (including any third party beneficiary rights).
    Document
    Verve Therapeutics, Inc. (VERV)

What is “No third party beneficiary rights”?

“No third party beneficiary rights” is a contractual clause stipulating that only the parties explicitly named in the contract have any rights or obligations under the contract. This means that individuals or entities not party to the agreement cannot claim any benefits or enforce any provisions of the contract.

When should I use “No third party beneficiary rights”?

You should use a “No third party beneficiary rights” clause in a contract when you want to ensure that only the signatories to the contract can enforce its terms and benefits. This is particularly useful:

  • In commercial agreements: To prevent outside entities from claiming any form of benefit or right from a contract they did not sign.
  • In employment contracts: To restrict rights and obligations to the employer and employee, excluding third parties like family members or other firms.
  • In service agreements: To make sure only the service provider and the client can invoke the contract’s benefits and obligations.

How do I write “No third party beneficiary rights”?

When writing a “No third party beneficiary rights” clause, clarity and precision are key. Here is a sample clause:

“No Third Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, shall give or be construed to give to any person, other than the parties hereto and their respective successors and permitted assigns, any legal or equitable rights hereunder.”

Which contracts typically contain “No third party beneficiary rights”?

The “No third party beneficiary rights” clause can be found in various types of contracts, including but not limited to:

  • Commercial Contracts: Sales agreements, supply agreements, and licensing agreements.
  • Employment Contracts: Non-disclosure agreements, non-compete agreements, and employment contracts.
  • Service Agreements: Software as a Service (SaaS) agreements, consultancy contracts, and maintenance services agreements.
  • Real Estate Contracts: Lease agreements, purchase agreements, and property management contracts.

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