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CHARACTERISTIC CONTRACT MADE FOR THE FAVOR OF A THIRD PARTY IN CIVIL LAW

Authors

Gulomov Akmaljan Shukurillayevich

Rubric:Civil law
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Annotation

In public life, the contract, which is one of the oldest legal instruments, is widely used to regulate relations related to the satisfaction of certain needs of participants in civil law relations. Property relations that develop at the stage of sale of manufactured goods, performance of work, provision of services are based on the construction of the contract. Property interest is secured by an agreement. A contract is an agreement between two or more persons on the emergence, change or termination of their civil rights and obligations. It can be seen from the definition that the interested parties in the contract are counterparties directly participating in it. Civil law relations arising under this agreement apply only to both of them and create relative legal relations. According to the principle of relativity, the contract, as a rule, obliges the parties that have concluded it  does not affect third parties. Contracts concluded for the benefit of third parties are one of the very important exceptions to this principle. This article discusses the features of the contract concluded in favour of a third party as a subject of research.

Keywords

insurance
transportation
beneficiary
right of claim
debtor and creditor.
contract
obligation
contract in favour of third parties
counterparty
bank deposit

Authors

Gulomov Akmaljan Shukurillayevich

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