privity of contract |
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Definition
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.
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privity of contract is in the Agreements & Contracts, Corporate, Commercial, & General Law and Purchasing & Procurement subjects.
privity of contract appears in the definition of the following term: contract law
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