Contracts are legal agreements that bind two or more parties to certain terms and conditions. These agreements establish rights and responsibilities for each party involved in the transaction. However, it is also essential to know who does not usually get any rights or responsibilities under the contract. Here is a brief overview of who falls under this category.

Third Parties

Third parties are individuals or entities that are not directly involved in the contract but may benefit or suffer as a result of it. Generally, third parties have no rights or responsibilities under the contract. They cannot sue or be sued for breach of the agreement. However, there may be exceptions depending on the circumstances of the contract.

For instance, a contract between a landlord and a tenant would typically not involve third parties. However, if the tenant causes damage to a third party`s property while occupying the rental property, the third party may sue the tenant for damages.

Minors

Minors are individuals who have not attained the age of majority, which varies from one jurisdiction to another. In most cases, minors cannot enter into contracts, and any agreement they make is considered voidable. This means that the minor has the option to enforce the contract or void it altogether.

However, some contracts may be enforceable against minors, such as contracts for necessaries like food, clothing, and shelter. In such cases, minors may have certain rights and responsibilities under the contract.

Incompetent Individuals

Incompetent individuals are those who lack the mental capacity to enter into contracts. This category includes persons with mental illness, intellectual disability, or senility. Contracts made by incompetent individuals are considered voidable because they lack the legal capacity to bind themselves.

However, in some cases, incompetent individuals may have the right to enforce a contract. For instance, a contract made by a person suffering from temporary insanity may be enforced if the insanity period has ended.

Conclusion

In conclusion, contracts establish rights and responsibilities between the parties involved. However, some individuals or entities do not usually get any rights or responsibilities under the contract. These include third parties, minors, and incompetent persons. Understanding these categories is essential to ensure that contracts are legally binding and enforceable.