The genitals; the privates.
A connection, or bond of union, between parties, as to some particular transaction; mutual or successive relationship to the same rights of property.
A successive relationship to or a mutual interest in the same property or rights, established by law or legalized by contract. A private or secret knowledge, as shared between persons.
A mutual relationship or interest based on joint ownership or interest in some property or relationship, such as a contract or involvement in a company. For example, a DIRECTOR or OFFICER may be in PRIVITY OF CONTRACT with a corporation as owner or FIDUCIARY. Privity between a plaintiff and defendant (directly or because both are in privity with a third party, such as a corporation) often is required to support a lawsuit.
An interest in a transaction, contract or legal action to which one is not a party, arising out of a relationship to one of the parties.
The direct relationship between two parties to a contract. Privity continues when certain subsequent parties succeed to the rights of a contract.
Mutual and successive relationship to the same interest.
a sufficient relationship between parties to the same rights or property
A mutual relationship to the same rights or property.
Closeness or mutuality of a contractual relationship. Back to the Top
The legal status of being a party to a contract or a third party beneficiary under a contract. Privity is required to maintain a legal action based on contract but not for legal action based on tort. In other words, no one can dispute the terms of a contract other than the parties thereto.
A contractual relationship, mutual in nature.