3Contracting parties' freedom to alter third party's entitlementS
(1)An undertaking contained in a contract which has given rise to a third-party right may be cancelled or modified by the contracting parties.
(2)Nothing in this Act precludes a contract from providing that an undertaking, which is contained in the contract and in relation to which a third-party right has arisen, will not be cancelled or modified by the contracting parties.
(3)Subsection (1) is subject to sections 4 to 6.
Commencement Information
I1S. 3 in force at 26.2.2018 by S.S.I. 2018/8, reg. 2