privity

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Related to Privity of contract: Privity of estate

priv·i·ty

 (prĭv′ĭ-tē)
n. pl. priv·i·ties
1. Knowledge of something private or secret shared between individuals, especially with the implication of approval or consent.
2. Law A relation of interest or identity between parties close enough to make one party subject to a suit on a claim against the other or conferred with the same rights and obligations as the other.

[Middle English privete, secrecy, privacy, from Old French, from Medieval Latin prīvitās, from Latin prīvus, single, alone; see per in Indo-European roots.]

privity

(ˈprɪvɪtɪ)
n, pl -ties
1. (Law) a legally recognized relationship existing between two parties, such as that between lessor and lessee and between the parties to a contract: privity of estate; privity of contract.
2. secret knowledge that is shared
[C13: from Old French priveté]

priv•i•ty

(ˈprɪv ɪ ti)

n., pl. -ties.
1. private or secret knowledge.
2. participation in the knowledge of something private or secret, esp. as implying concurrence or consent.
3. Law. the relation between privies.
[1175–1225; Middle English privete, privite < Old French. See privy, -ity]

privity

- The state of being private or secret.
See also related terms for private.
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References in periodicals archive ?
Absent a TPB clause in a Utah contract then, an owner has little recourse against a construction party with whom it lacks privity of contract.
Where there is privity of contract and the parties have negotiated that contract from comparative bargaining positions, the parties are able to allocate the risk of all loss, including the loss of the product.
Sally has no contract remedies available to her because she is not in privity of contract with the attorney, so her only recourse is in tort.
Privity of contract has deterred direct government intervention and influence on subcontractor selection and behavior.
It raised issues on topics like privity of contract and estate that we haven't really looked at since law school.
In other words, on projects funded by DOT or EPA, their regulations apply to downstream contractors that are not in privity of contract with the government.
Currently, many T&Cs grant CSPs broad subcontracting rights and often seek to absolve CSPs from or transfer liability to the third party, an entity with whom the customer has no privity of contract.
They have no privity of contract with the parent or holding company affiliates of the particular insurer from which they made their purchases.
However, even though the obligation to provide and pay for bunkers under a time charterer rests with the defaulting charterer, and the bunker supplier does not have privity of contract with the vessel and its owner, the owners and their ships are still vulnerable to action in many jurisdictions.
Under these circumstances, theory could afford to reason with its eyes shut to the consequences of privity of contract because it would know that the basic structure of society in which contracts operated was justifiable.
Andrew Robinson, who oversees Professional Liability for The Hanover as its executive vice president of Specialty, notes he's seeing more relaxed privity of contract between clients and service providers, which leads to an increase in exposure from third-party liability--and thus more lawsuits in what he calls a "tough tort environment" for design professionals.
TRADITIONALLY, absent fraud or collusion, the only parties with standing to sue an attorney for malpractice were those in privity of contract with the attorney, that is, the lawyer's clients.