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]

Privity is established when there is a substantive legal relationship between two or more parties. Typically, this relationship involves a mutual interest, such as the same loss, the same …

Apr 29, 2024 · What Is Privity? Privity is a doctrine of contract law that says contracts are only binding on the parties to a contract and that no third party can enforce the contract or be sued …

Jul 17, 2025 · The relationship of privity of estate is formed when an interest in real property is transferred from one party to another, binding the new holder to the obligations associated …

Sep 30, 2015 · In the legal system, the term privity refers to a connection between parties to a contract. This includes parties who have mutual interest in, or successive rights to, the same …

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 …

privity 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 …

The principle of privity in the common law 's law of contract dictates that persons may not reap the benefits nor suffer the burdens of a contract to which they were not a party.

Aug 25, 2025 · The core principle of privity of contract dictates that a contract generally creates rights and obligations exclusively between the parties who directly entered into it. Only these …