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

Privity Sentence Examples

  • There is no privity of contract between an underlessee and the superior landlord, but the latter can enforce against the former restrictive covenants of which he had notice; it is the duty of the underlessee to inform himself as to the covenants of the original lease, and, if he enters and takes possession, he will be considered to have had full notice of, and will be bound by, these covenants.

  • privity of contract was abolished for new leases coming into force from 1 January 1996.

  • Prior to the assignment, the assignee has neither privity of estate nor privity of estate nor privity of contract with the Landlord.

  • The report of the Commons committee (July 18 9 7) definitely acquitted both Mr Chamberlain and the colonial office of any privity in the Jameson Raid, but Mr Chamberlain's detractors continued to assert the contrary.

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Words near privity in the Dictionary