Privity of contract is the principle under which contracting parties alone traditionally had rights and liabilities under their contract.

Name: Privity of contract is the principle under which contracting parties alone traditionally had rights and liabilities under their contract.
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Privity of contract means that only the parties who entered into a contract have rights and obligations under that contract, and third parties cannot enforce those rights or be held liable for any breaches.

Privity of Contract Is the Principle Under Which Contracting Parties