What is another word for vertical privity?

Pronunciation: [vˈɜːtɪkə͡l pɹˈɪvɪti] (IPA)

Vertical privity refers to the legal connection between parties involved in a contract or agreement. It establishes a relationship that allows the original terms and conditions to extend to subsequent owners or tenants. In essence, it ensures that the rights and obligations of the original agreement are passed down to future individuals. Synonyms for vertical privity include "contractual connection", "vertical contract relationship", or simply "contractual privity". These phrases capture the essence of the legal concept, highlighting the connection between parties in a contractual relationship. Understanding vertical privity is crucial for both parties involved in an agreement, as it outlines the extent to which rights and responsibilities can be transferred.

What are the opposite words for vertical privity?

Vertical privity refers to the legal relationship between successive property owners. The antonyms for vertical privity would be horizontal privity or lack thereof. Horizontal privity refers to the legal relationship between the parties to the transaction, such as the original grantor and grantee, while vertical privity pertains to the relationship between successive grantees. Lack of horizontal privity would imply that the parties involved have no legal relationship or privity between them. In contrast, a presence of horizontal privity would indicate that there is a legal relationship and mutual agreement between the parties. Therefore, horizontal privity and lack thereof stand as antonyms to the term vertical privity in the realm of property law.

What are the antonyms for Vertical privity?

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