Definition

A relationship or connection between parties that allows them to share private information or have legal rights regarding a matter, often implying consent or approval.

Example

The lawyer explained the concept of privity to ensure that all parties understood their legal rights.

Conversation

I heard that you signed a contract for the new apartment.

Yeah, but there’s some privity involved that I need to understand better.

What do you mean by privity? Is it complicated?

Not really, it just means I need to know how it affects my rights with the landlord.

Synonyms & Antonyms

Root Explanation

Privity is derived from the Latin word "privatus" (meaning private) and the suffix "-ity" (meaning the state or condition of). The term refers to the state of being private or having a private relationship, particularly in legal contexts where it denotes a direct relationship between parties.

Memory Tip

Think of 'private' to remember that 'privity' refers to a private relationship or connection between parties.

Visually Confused Words