Privity of contract is usually required in order for a party to be bound to a contract or have rights under a contract.

Name: Privity of contract is usually required in order for a party to be bound to a contract or have rights under a contract.
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Privity of contract is a legal principle which states that contracts are binding only upon the parties signing the agreement, meaning a third party cannot enforce or be bound by the contract unless they are specifically granted rights under the contract.

Privity of Contract Is Usually Required in Order for a Party