Privity meaning

prĭv'ĭ-tē
Privity is defined as a secret between two people, or a close relationship recognized by law.

When two people know the family secret, this is an example of a shared privity.

When two people enter into a contract together, this is an example of when they have privity of contract.

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Knowledge of something private or secret shared between individuals, especially with the implication of approval or consent.
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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.
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A successive relationship to or mutual interest in the same property or rights, established by law or legalized by contract, as between a testator and legatee, lessor and lessee, etc.
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A legally recognized relationship of interest of two parties, be it in a transaction, a piece of property, or a proceeding.
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. The legal relationship between two parties in a distribution chain who are on equal level, as between two consumers. See also vertical privity.
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The relationship between the two parties to a contract that confers a right to take action on the contract; largely abrogated by enactment of warranty laws, permitting suits by users of products despite lack of privity with manufacturers.
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A joint or successive relationship to a property involving transfer of possession by contract, judgment, or descent, as between landlord and tenant, or life tenant and remainderman.
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The legal relationship between links in a product’s distribution chain.
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The privity between a person who signs a contract containing a restrictive clause and the person acquiring the property that is so restricted.
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(now rare, archaic) Privacy, secrecy.
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(archaic, in the plural) The genitals.
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(law) A relationship between parties seen as being a result of their mutual interest or participation in a given transaction, contract etc.
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Origin of privity

  • Middle English privete secrecy, privacy from Old French from Medieval Latin prīvitās from Latin prīvus single, alone per1 in Indo-European roots
    From American Heritage Dictionary of the English Language, 5th Edition
  • From Anglo-Norman priveté, privitee et al., Old French priveté, from privé + -té.
    From Wiktionary