privity of contract

Popular Terms
Legal doctrine that a contract confers rights and imposes liabilities only on its contracting parties. They, and not any third-party, can sue each other (or be sued) under the terms of the contracts.

Use 'privity of contract' in a Sentence

I was happy about the privity of contract because I did not want anything happening to the information and people using it against us.
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You should figure out what the privity of contract says and make sure that you are always following it closely.
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My new stereo system is poorly built but I can't sue the manufacturer for their shoddy product because I have no privity of contract with them, so I guess I'll have to take it up with the retailer even though it wasn't their fault.
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