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What is Understanding Privity of Contract about?

Privity of Contract refers to the principle that only parties to a contract can sue or enforce it, meaning that strangers to a contract have no rights under it. There are several exceptions to this rule, including situations involving trusts, family settlements, conduct creating privity, negotiable instruments, specific statutory authorizations, and contracts involving agents. Relevant case laws illustrate these principles and exceptions.

Author

peermsatan

Language

EN