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Contracts (Rights of Third Parties) Act 1999: Difference between revisions
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Contracts (Rights of Third Parties) Act 1999 (view source)
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It is now lost in the mists of time, but once upon a time there must have been a reason why the international capital markets were so collectively hostile to the [[Contracts (Rights of Third Parties) Act 1999]], a small piece of well-intended legislation which allowed contractual counterparties to agree to grant a right to sue under a contract upon persons who otherwise would not have direct [[privity of contract|privity]] to do so. | {{a|Negotiation|}}It is now lost in the mists of time, but once upon a time there must have been a reason why the international capital markets were so collectively hostile to the [[Contracts (Rights of Third Parties) Act 1999]], a small piece of well-intended legislation which allowed contractual counterparties to agree to grant a right to sue under a contract upon persons who otherwise would not have direct [[privity of contract|privity]] to do so. | ||
Most likely the lawyer’s instinctive, huffy, reactionary petulance — which (while poor) was understandable in 1999 but, ladies and gentlemen, come on: haven't we grown out of that now? | Most likely the lawyer’s instinctive, huffy, reactionary petulance — which (while poor) was understandable in 1999 but, ladies and gentlemen, come on: haven't we grown out of that now? | ||