When two or more parties in a contract are in privity, all parties are bound by the contract and are obligated to each other in some way. For instance, one party may receive remedies for breach of …

Oct 30, 2025 · Privity is a core principle in contract law, stating that only the parties who sign a contract have rights and obligations under it, meaning third parties usually cannot sue or be sued on that...

The meaning of PRIVITY is a relationship between persons who successively have a legal interest in the same right or property. How to use privity in a sentence.

The doctrine of privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon anyone who is not a party to that contract. [1]

LAW a legal relationship that exists between two people or groups who have both signed a contract or who are involved in the same business arrangement: privity of contract (Definition of privity from the …

Aug 20, 2025 · Privity is a legal concept establishing a direct relationship between parties. This direct connection is often a prerequisite for legal rights and obligations to exist between them. …

n. contact, connection or mutual interest between parties. The term is particularly important in the law of contracts, which requires that there be "privity" if one party to a contract can...

Apr 3, 2025 · Explore the meaning of privity of contract, types, key exceptions, and how it impacts legal rights in agreements. Learn when third parties may have standing.

PRIVITY definition: private or secret knowledge. See examples of privity used in a sentence.

2 senses: 1. a legally recognized relationship existing between two parties, such as that between lessor and lessee and between.... Click for more definitions.