Sufficiency of Being Specifiable as a Beneficiary Sample Clauses

Sufficiency of Being Specifiable as a Beneficiary. In order contracts for the benefit of a third person to be valid, it is not required to have and specify a beneficiary in the meantime the contract is drawn up; it is sufficient for the beneficiary to be specifiable.11 As the contract is drawn up, it would be enough for the parties to agree on that the parties or somebody else will specify the benefi- ciary afterwards. The beneficiary could be a real person or legal person.
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