Privity is a broadly utilized common legislation term that plays a vital importance in contract law. Privity particularly refers to some close, mutual, or successive relationship to the same correct of house or the power to enforce a promise or warrenty. Privity of agreement occours only in between the parties of the agreement in which the underline principle is the fact that only parties concerned ought to be able to bring forth a declare to damages or to enforce rights.
privity .
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