73.5 Third party beneficiary examples73.5.1 Contract with contracting party that is part of international group of companiesA contracting party may wish the contract to benefit other companies in the same group as itself. An example might be a patent licence agreement covering several territories, in which the licensee is a major pharmaceutical company. Such a licensee will often wish to include in the contract a definition of ‘affiliate’ (eg its subsidiaries in particular territories covered by the licence) and provide that both it and its affiliates may exploit the licence. Under some countries’ laws, such a provision may give
A contracting party may wish the contract to benefit other companies in the same group as itself. An example might be a patent licence agreement covering several territories, in which the licensee is a major pharmaceutical company. Such a licensee will often wish to include in the contract a definition of ‘affiliate’ (eg its subsidiaries in particular territories covered by the licence) and provide that both it and its affiliates may exploit the licence. Under some countries’ laws, such a provision may give
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