privity

English - Turkish

Definition of privity in English Turkish dictionary: ortaklık; gizli bilgi; {i} kişiye özellik; {i} kişisellik; ortak çıkarlara dayanan ilişki; {i} ortak çıkar ilişkisi; {i} özel olma

English - English

Definition of privity in English English dictionary: Privacy, secrecy
Him oft and oft I askt in priuitie, / Of what loines and what lignage I did spring .; A relationship between parties seen as being a result of their mutual interest or participation in a given transaction, contract etc; The genitals; A private matter, a secret; A divine mystery; something known only to God, or revealed only in holy scriptures; knowledge shared with another or others regarding a private matter; {n} knowledge, private communication; A connection, or bond of union, between parties, as to some particular transaction; mutual or successive relationship to the same rights of property; The legal status of being a party to a contract or a third party beneficiary of a contract; Mutual or successive relationships to the same right of property, or the same interest of one person with another which represents the same legal right; A private matter or business; a secret; The principle that only the parties to a contract, including its designated arbitrators, need to have knowledge of or control over the contents and performance of that contract Privity as an objective of smart contract is a generalization of the legal principle of privity It formalizes the tradition of "it's none of your business" Attacks against privity are epitomized by Eve the eavesdropper, a passive observer of contents or performance, and malicious vandal Mallet, who actively interferes with performance or steals value Privacy and confidentiality, or protecting the value of information about a contract, its parties, and its performance from Eve, is thus subsumed under privity Privity often comes into conflict with observability and verifiability; A mutual relationship to the same rights of property; a contractual relationship; {i} secret, confidential information; knowledge of confidential information; complex relations between individuals involved in a legal transaction (Law); privacy; The genitals; the privates; Privacy; secrecy; confidence; only people who are parties to a contract -- in privity -- can enforce the contract or have it enforced against them; Private knowledge; joint knowledge with another of a private concern; cognizance implying consent or concurrence; A legal relationship sufficiently close and direct to support a legal claim on behalf of or against another with whom the relationship exists; a sufficient relationship between parties to the same rights or property; Mutual relationship to the same rights of property, contractual relationship; Knowledge actual or constructive