Privity (Contract law) - Explained
What is Privity of Contract?
Written by Jason Gordon
Updated at April 5th, 2023
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What is Privity of Contract?
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".
Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY
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