Privity of contract refers to the privacy that contracting parties should maintain with respect to their contract.

Question

Quizplus · Accepted Answer

Privity of contract actually refers to the legal relationship that exists between the parties to a contract. It refers to the fact that only the parties involved in the contract have rights and obligations under the contract, and that third parties cannot enforce those rights or be held liable for a breach of those obligations.

Privity of Contract Refers to the Privacy That Contracting Parties