private law

private law definition - business

private law

  1. A private bill passed by the House of Representatives and Senate that affects only a private individual or individuals. Compare public law.
  2. A law that defines legal rights and relationships between two or more parties, such as a contract between a landlord and tenant.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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