The phrase 'party to a contract' is correct and usable in written English.
You can use this phrase to refer to the people or groups who are involved in and legally bound by a contract or agreement. For example: These two companies are the only parties to the contract.
Barclays, the big British bank, is already party to a contract tied to the MAX C.D.O.
"Is it reasonable," he asks Corbett, "that a party to a contract should expect to have that contract honoured?" "Yes," says Corbett. "That is reasonable.
At the heart of the issue is the legal process known as "novation" – where one party to a contract is replaced by another, allowing the contract to continue.
Cencom Cable Income Partners II, Inc., L.P. v. Wood, 752 A.2d 1175, 1180 (Del.Ch.1999) ("It is a general principle of contract law that only a party to a contract may be sued for breach of that contract".).
This defense was rejected by our Court, Justice BENJAMIN R. JONES stating: "Generally a party to a contract does not become liable for a breach thereof to one who is not a party thereto.
Under the legislation, most derivatives trades would have to be cleared through a middleman to ensure that the bankruptcy of one party to a contract would not put the other party out of business.
Simply put, if a court becomes convinced that a shareholder or other equity investor has, by words or actions, led a counter-party to a contract to believe that an obligation is a personal liability rather than (or in addition to) a corporate debt, then courts sometimes will use a piercing theory to impose liability on the individual shareholder rather than a fraud theory.
Overall, my findings indicate the importance of considering both parties to a contract when studying contractual design.
The parties to a contract had to be free citizens, of full age, free to contract, and under no legal disability.
When conflicts arise between parties to a contract, often it's because they interpret vague terms, such as "moral turpitude," differently.
They are obligations imposed apart from and independent of promises made and therefore apart from any manifested intention of parties to a contract or other bargaining transaction.
