20:49
THATS SO FUNNY
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
stipulation pour autrui
Read a random definition: compulsory labor
A quick definition of stipulation pour autrui:
Term: STIPULATION POUR AUTRUI
Definition: Stipulation pour autrui is a legal term that means making an agreement or contract that benefits a third party. This means that two parties make an agreement, but the benefits of the agreement go to someone else. For example, if a father makes an agreement with a bank to pay for his son's education, the son is the third party who benefits from the agreement. Stipulation pour autrui is important in legal contracts because it allows people to make agreements that benefit others, even if they are not directly involved in the agreement.
A more thorough explanation:
Stipulation pour autrui is a French legal term that refers to a contract clause that benefits a third party who is not a party to the contract. This means that the contract is made for the benefit of someone else.
For example, if John and Jane enter into a contract to buy a car, and they include a stipulation pour autrui clause that states that the car will be given to their friend, Bob, then Bob can enforce the contract if John or Jane breach it.
Another example is a life insurance policy. The policyholder enters into a contract with the insurance company, but the beneficiary is a third party who will receive the benefits of the policy if the policyholder dies.
Stipulation pour autrui is a legal concept that allows a third party to benefit from a contract. The examples illustrate how this concept works in practice. In the first example, John and Jane make a contract to buy a car, but the car is for their friend, Bob. If John or Jane breach the contract, Bob can enforce it because he is the beneficiary of the stipulation pour autrui clause. In the second example, the policyholder enters into a contract with the insurance company, but the beneficiary is a third party who will receive the benefits of the policy if the policyholder dies. This shows how stipulation pour autrui can be used in different types of contracts.