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New Course
Concept
Privity
Privity is a
legal doctrine
that restricts the
rights and obligations
of
parties to a contract
, ensuring that only those who are party to the contract can
sue or be sued
under it. This principle maintains that
third parties
, who have not entered into the contract, generally do not have the
standing to enforce
or
challenge its terms
, preserving the sanctity and
predictability of contractual relationships
.
Relevant Degrees
Civil Law Generalities 50%
Contract Law 30%
Types and Forms of Law 20%
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