privity of contract
Privity of contract is the relationship that exists between two parties by virtue of their having entered into a contract. Privity of contract provides that a contract cannot confer rights or impose obligations upon any person who is not a party to the contract.
Additional Information
This concept incorporates the legal principle that a contract may not impose duties on a noncontracting party, nor may a noncontracting party claim any right or benefit as being guaranteed by the contract.
