If there is a time limitation or any other restriction in a contract, a third-party beneficiary C. IS BOUND THEREBY.
When the contract shows a clear intent of having a third person benefit from it, the third party beneficiary has the right to sue in case of breach of contract.
A third party beneficiary is also subject to the limitations or restrictions found in the contract. He or she loses all the rights bestowed in the contract if said contract is terminated by the law or has the reserved right to change beneficiaries and said right is executed.