What is the law of privity?

Privity is a legal term that refers to the relationship between two or more parties involved in a contract. In the state of Washington, the law of privity states that only those who are party to a contract are allowed to enforce the rights and duties under the agreement. This means that the parties who agree to the contract are the only ones legally able to sue for breach of contract. Any other parties not directly involved in the contract are not legally bound to enforce the rights or duties set out in the agreement. In Washington, it is important to note that the law of privity applies to all contracts. This applies regardless of if the contract was verbal or written, and if it was enforceable or unenforceable. This means that any third-party that becomes involved in the contract may not be able to enforce its terms, though they may be liable for any damages that arise from their involvement. In addition, the law of privity can also apply to third parties in Washington who are unintentionally affected by a contract. If a contract is entered into between two parties and an unrelated third party is affected by the contract, then the third party may be able to seek a remedy for the breach of duty from the parties to the contract. The law of privity protects the rights and duties of all parties in a contract that is validly entered into in the state of Washington. It is important to note that there are some exceptions to the law of privity, so it is always a good idea to consult an attorney to better understand the law.

Related FAQs

What is an implied covenant of good faith?
What is the interpretation of a contract?
What is a third-party guarantor?
What is acceptance of a contract?
What is a mutatis mutandis clause?
What is an executory contract?
What is an anticipatory breach of contract?
What is implied in a contract?
What are the common types of remedies available?
What is equitable estoppel?

What is the law of privity?

Related FAQs

Related Blog Posts