What is the doctrine of privity?

The doctrine of privity is a legal principle in the state of Florida that generally states that only parties to a contract have the right to enforce the terms of the contract. This means that a person or entity who is not a part of the contract cannot seek to enforce or benefit from the agreement. For example, if two parties enter into a contract to purchase a piece of land, only they can sue each other for failing to live up to their obligations. No one else can file a lawsuit relating to the contract. The doctrine of privity also means that a third party who is not part of the contract cannot benefit from the promise made within it. If one party to a contract promises to pay another party a certain amount of money, the promise cannot be enforced by a third party. It is only enforceable between the two parties that entered into the contract. The doctrine of privity has been a cornerstone of contract law since the 1700s. It has been modified to allow third parties to benefit from a contract in certain situations, such as when the third party is closely related to one of the parties, or is otherwise mentioned in the contract. However, in most cases, those not party to the contract will not be able to benefit from it.

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What is the doctrine of privity?

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