Conyers Dill & Pearman - Alert - New Bermuda Legislation: The Contracts (Rights of Third Parties) Act, 2016

The Contracts (Rights of Third Parties) Act, 2016 (the “Act”) was recently enacted by the Bermuda Legislature and is now fully operative. The Act is significant in that, subject to its terms, it permits parties to vary the common law doctrine of “privity of contract” which provides that only parties to a contract may enjoy the benefits and enforce the provisions of that contract. Read more. (Subscription required.)
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