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privity Definition

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privity
noun(priv-i-ty)
a relationship between persons who successively have a legal interest in the same right or property
privity
noun(priv-i-ty)
an interest in a transaction, contract, or legal action to which one is not a party arising out of a relationship to one of the parties
privity
noun(priv-i-ty)
private or joint knowledge of a private matter; especially : cognizance implying concurrence

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