Privity Legal Meaning and Definition

Here is a simplified definition of the legal term Privity.

Privity (noun)

Privity refers to a close, mutual, or successive relationship between two parties involved in a specific transaction, property issue, or contract where both parties share a common interest. This legal connection is pivotal as one party can defend or contest the legal claims on behalf of the other party. Absence of privity may prevent, for example, a subcontractor from claiming damages in relation to a contract signed between a primary party and a main contractor.