What is the doctrine of privity?

The doctrine of privity is a legal concept in contract law in South Carolina. It states that in a contract, only the parties who have signed the contract are legally bound by its terms. This means that anyone not included in the original contract, such as third parties, are not able to bring legal action for any breach of its terms. The main purpose of this doctrine is to protect the parties who have entered into a mutually binding agreement from potential legal liability that could come from involving third-parties. It also ensures that only contractual parties, who are involved in the agreement and can be held responsible for any wrongdoing or failure to fulfill the obligations outlined in the contract. The doctrine of privity is a fundamental principle of contract law in South Carolina. This concept has been around for centuries and in order for it to be enforced in court, all parties must be aware of the doctrine and how it applies to their contract. In the end, it is important that any contract parties enter into is thoroughly reviewed in order to ensure that each party is aware of the doctrine of privity and the implications it can have on their agreement.

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What is the doctrine of privity?

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