Definition, Meaning & Synonyms

privity

noun

/ˈprɪvɪti/

Definition

A relationship between parties that is recognized by law, especially in terms of contractual agreements.

Examples

The privity of contract protects the interests of both parties involved in the agreement.
Without privity, one party cannot enforce the terms of a contract against another party.
The case revolved around the issue of privity between the suppliers and the retailer.

Meaning

Privity refers to the direct relationship or connection between two or more parties that allows them to communicate or interact legally. It often pertains to contracts and the rights of those involved.