Privity in Deed – this legal term is used in the sphere of Property Law, where it details an obligation implemented in a contract for transfer of Title of real estate. This obligation should be followed by the obliged party. For example, the obligation to pay the purchase price of the real estate. Check also “privity in contract”.
*Note that it is advisable to hire a lawyer who to draw your Title Deed which you wish to sign. Lawyers are qualified in Law and they know what terms and conditions should be implemented in such forms to protect your interests; as well to consult you on the clauses of proposed contracts to you for signing.