Definition of privity in English:

privity

noun

Law
  • A relation between two parties that is recognized by law, such as that of blood, lease, or service:

    ‘the parties no longer have privity with each other’
    • ‘Immediate parties are those who, in addition to the privity created by the bill, have a direct legal relationship with each other.’
    • ‘There is no problem with privity here: the vital question is instead whether collective bargains are intended to have legal effect.’
    • ‘Under the doctrine of privity, a contract creates rights and responsibilities for the parties to the contract, but for no-one else.’
    • ‘The definition of owner includes any person having an interest in the premises at whose request and with whose privity or consent an improvement is made to the premises.’
    • ‘Moreover, it is unfair to ask the defendant to take into account the commercial expectations of people with whom he or she is not in privity.’

Origin

Middle English (in the sense ‘secrecy, intimacy’): from Old French privete, from medieval Latin privitas, from Latin privus private.

Pronunciation:

privity

/ˈprɪvɪti/