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PRIVITY OF CONTRACT by Alice Ken
PRIVITY OF CONTRACT |
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Education,Law,Writing
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The privity contract is defined as the relationship between the parties in a contract that allows them to sue each other but which prevents the third-party. In case you want to file a case in the court of law involving a contract, show that you were in a privity contract. A contract is a binding agreement between two parties where each party has promised something to each other. The doctrine of privity states that the contract confers the right which arises on any person apart from the parties involved in the contract. In the UK contracts, privity contract gives a third-party who was not part of the contract team right to enforce a term of the contract.
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