What creates thirdparty interest in a contract, and when is that interest binding? Professor Richard Epstein of NYU School of Law lays out two key ways that thirdparty interest is created: assignment and thirdparty beneficiary, and explains how and when they are binding and when they are not.

Professor Epstein is the inaugural Laurence A. Tisch Professor of Law at NYU School of Law, a Senior Fellow at the Hoover Institution, and Professor of Law Emeritus and a senior lecturer at the University of Chicago.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

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RELATED LINKS

Richard Epstein, Notice and Freedom of Contract in the Law of Servitudes Comments
https://chicagounbound.uchicago.edu/c...

David M. Summers, Third Party Beneficiaries and the Restatement (Second) of Contracts
https://scholarship.law.cornell.edu/c...

Contract Law: The Rules of Third Party Beneficiaries Enforcing an Agreement
https://lawshelf.com/videos/entry/con...

CaseBriefs, Lawrence v. Fox
https://www.casebriefs.com/blog/law/c...