Which of the following requirements need to be satisfied for a third party to seek to enforce a contractual term under the Contracts (Rights of Third parties) Act 1999?

For a third party to enforce a contractual term under the Contracts (Rights of Third Parties) Act 1999, it is essential that the third party is identified in some form within the contract. This identification can be achieved by naming the third party directly or by describing them in a way that clearly indicates who they are. The Act allows for enforcement of a term when it either expressly states that a third party can benefit from it or, generally speaking, when the intention to benefit the third party can be inferred from the terms of the contract itself.

Identifying the third party is critical for establishing their standing to bring a claim, as it helps to clarify parties' intentions and ensures that the contractual obligations are enforceable in a manner that aligns with the purposes of the Act. While the other options also contain elements of the Act’s provisions, they do not encapsulate this pivotal requirement regarding the identification of the third party.