Page:Contracts (Rights of Third Parties) Ordinance (Cap. 623).pdf/5

From Wikisource
Jump to navigation Jump to search
This page has been proofread, but needs to be validated.

Contracts (Rights of Third Parties) Ordinance

Ord. No. 17 of 2014

Section 5
A1663

(6) Subsection (1) applies to a third party even if the third party was not in existence when the contract was entered into.

5. Remedy available to third party

(1) There is available to a third party who enforces a term of a contract under section 4 a remedy that would have been available to the third party in an action for breach of contract if the third party had been a party to the contract.

(2) Any law relating to the remedy applies accordingly.

(3) To avoid doubt, the remedies available to a third party under this section include a remedy under the rules of equity.

(4) This Ordinance does not affect a right or remedy of a third party that exists or is available apart from this Ordinance.

6. Rescission and variation of contract

(1) If a third party may enforce a term of a contract under section 4, the parties to the contract may not, without the third party’s consent—

(a) by agreement, rescind the contract; or
(b) by agreement, vary the contract so that the third party’s right under the term is altered or extinguished.

(2) Subsection (1) applies only if—

(a) the third party has assented to the term and the promisor has received notice of the assent (whether the assent and the notice are in writing or otherwise); or
(b) the third party has relied on the term and—
(i) the promisor is aware of the reliance; or