In this paper we propose a special class of 3-algebras, called double-symplectic 3-algebras. We further show that a consistent contraction of the double-symplectic 3algebra gives a new 3-algebra, called an N = 4 three-algebra, which is then identified as the exact gauged three-algebra in the N = 4 quiver gauge theories. A systematic construction is proposed for the 3-brackets and fundamental identities used in building up the N = 4 theories, by starting with two superalgebras whose bosonic parts share at least one simple factor or U (1) factor. This leads to a systematic way of constructing D = 3, N = 4 quiver theories, of which several examples with new gauge groups are presented in detail. The general N = 4 superconformal Chern-Simons matter theories in terms of ordinary Lie algebras can be also re-derived in our new 3-algebra approach.