privity

/ˈprɪvəti/
noun
  1. A private or secret shared knowledge or relationship between two or more people.
    • The lawyer was in privity with her client about the settlement details.
    • The contract created a privity between the two companies that excluded outside parties.
    • Only those in privity with the board knew about the merger before the announcement.
What does "privity" mean? | whatsthatwordmean | whatsthatwordmean