Privity (Contract law) - Definition
Written by Jason Gordon
Updated at June 30th, 2021
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What is Privity?
Privity refers to a contract law doctrine which states that contracts are only binding on the parties named in the contract. Unintended, non-signatory, third-parties can neither enforce the contract nor be sued under it. The parties to the contract are said to be "in privity of contract".
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