privity


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Privity

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 of contract is the relationship that exists between two or more parties to an agreement. Privity of estate exists between a lessor and a lessee, and privity of possession is the relationship between parties in successive possession of real property.

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 one party to a contract can enforce the contract by a lawsuit against the other party. Thus, a tenant of a buyer of real property cannot sue the former owner (seller) of the property for failure to make repairs guaranteed by the land sales contract between seller and buyer since the tenant was not "in privity" with the seller. (See: contract)

privity

noun affiliation, attachment, connecting medium, connection, contractual bond, derivative interest, interconnection, legal relationship, link, mutual relationnhip, mutuality of interest, nexus, relation, relationship, successive relationship, tie
Associated concepts: privity of contract, privity of estate, privity of possession
See also: chain, nexus

PRIVITY. The mutual or successive relationship to the same rights of property. 1 Greenl. Ev. Sec. 189; 6 How. U. S. R. 60.

References in periodicals archive ?
I propose a privity framework to address the demands of information
The rationale for this approach is that parties who are in privity of contract can utilize warranty remedies and those who are not in privity of contract did not have the opportunity to bargain with the manufacturer or seller for any type of protection from defective products.
In her final ruling, Judge Chapman acknowledged that there is some ambiguity under Texas law as to whether horizontal privity of estate remains a requirement for a covenant to run with the land.
The Tax Court explained that privity requires a "substantial identity" between a party of record and an unnamed third party.
Founded in 2004, Privity FZ LLE is an independent Dubai-based advisory firm that seeks entrepreneurs with interesting and unique ideas and helps them develop and grow.
For those in privity with the owner, irrespective of whether such privity was created through oral or written agreement, the statutes do not mandate that a claim of lien arising from the care of a horse be recorded because it is presumed the owner is aware services are being rendered to the animal.
Michigan law does not require that plaintiff have a link such as privity, a bond approaching privity, or a fiduciary relationship with the defendant in order for a duty of reasonable care to exist.
There is general agreement that the first important innovation in products liability law was the abandonment of the privity doctrine of Winterbottom v.
Essentially, an auditor will owe a duty of care to a third party only if there is some sort of privity between the accountant and the nonclient.
She pointed out that Turkey denies its privity to the Armenian
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.
However, the court held that privity was not required, if there is some independent basis for the existence of a legal duty-apart from the "consensual transaction" between a physician and patient-that arose out of the unique circumstance of the case.