1. Private or inside knowledge.
2. Real Estate: Mutual or successive relationship to the same rights of property; a succession in rights.
Related information about privity:
- Privity - Wikipedia, the free encyclopedia
Privity is the legal term for a close, mutual, or successive relationship to the same right of property or the power to enforce a promise or warranty. It is an ...
- Privity of contract - Wikipedia, the free encyclopedia
The doctrine of privity in the common law of contract provides that a contract cannot confer rights or impose obligations arising under it on any person or agent ...
- Privity - Legal Dictionary - The Free Dictionary
A close, direct, or successive relationship; having a mutual interest or right. Privity refers to a connection or bond between parties to a particular transaction.
- Privity - Definition and More from the Free Merriam-Webster Dictionary
a : a relationship between persons who successively have a legal interest in the same right or property. b : an interest in a transaction, contract, or legal action to ...
- privity - Legal Dictionary | Law.com
privity. n. contact, connection or mutual interest between parties. The term is particularly important in the law of contracts, which requires that there be "privity" if ...
- Privity | Define Privity at Dictionary.com
participation in the knowledge of something private or secret, especially as implying concurrence or consent. 3. Law. the relation between privies. 4. Obsolete ...
- A Privity Guide and Model Letters
An accountant always owes a duty of care to, or has "privity" with his or her client. However, questions arise as to when an accountant may owe a duty of care to ...
- Privity Definition | Investopedia
A legal interpretation in contract law where contracts are only binding on the parties signing the contract. The idea is that, contracts are private agreements ...