Privity of contract establishes the basic principle that contracting parties have a right to privacy in the information expressed in their contracts.

Question

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Privity of contract is a legal principle which states that contracts are binding only upon the parties signing the agreement, and that no third party can enforce or be required to comply with the terms of the contract, unless they are lawfully entitled to do so. It does not relate to privacy of information within the contract.

Privity of Contract Establishes the Basic Principle That Contracting Parties