Privity of contract definitions

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Privity of contract

Privity of contract logo #20913Generally only someone who is party to a contract (e.g. a buyer or seller), has rights and liabilities under the contract.
Found on http://www.elc.org.uk/pages/lawlegalglossary.htm

Privity of contract

Privity of contract logo #20546The principle that a contract is private to the parties that agreed to it. Historically this meant that if the contract affected or even named persons who should benefit from it, they could not sue to enforce it if they were not actual parties to the agreement. This principle has now been greatly undermined by statute and third parties can now sue ...
Found on http://www.encyclo.co.uk/local/20546

Privity of Contract

Privity of Contract logo #20550The rule that only parties to a contract can sue or be sued under the contract. Third parties not party to the contract cannot sue.
Found on http://www.encyclo.co.uk/local/20550

Privity of contract

Privity of contract logo #20921The relationship between parties which mutually sign the same contract. Only a person who is a party to a contract may sue on that contract.
Found on http://www.encyclo.co.uk/local/20921
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