What is the doctrine of privity?

The doctrine of privity is an important concept in Contract Law. It is a legal doctrine which states that only parties to the contract are entitled to its benefits and can be held liable for its obligations. In other words, only people or entities who are directly involved in the contract can legally enforce it. In New Hampshire, the doctrine of privity is followed. This means that if one party to a contract fails to fulfill their obligations, the other party can take legal action against them. Similarly, the party who has suffered a breach of contract can seek damages from the other party, but no one else can. Although the doctrine of privity is important in Contract Law, there are certain exceptions. For example, a third party may be able to benefit from an EXPRESS contract if they are specifically mentioned in the contract, while a third party may be liable under an IMPLIED contract if they have assumed contractual obligations. In conclusion, the doctrine of privity is a critical concept in Contract Law which states that only parties to the contract are entitled to its benefits and may be held liable for its obligations. In New Hampshire, the doctrine of privity is followed, although there are certain exceptions.

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What is the doctrine of privity?

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