Privity of contract and assignment of contractual rights

Question

Describe the term Privity of contract and assignment of contractual rights?

Answer 1

So far the focus has been on the original parties to the agreement. Conversely, some of the times people outside the indenture are pretentious, termed 3rd parties, in that case question is that what kinds of rights and obligations of the third parties have. Here it is discusses about the concept of privity of contract, sensational presentation by a 3rd party as well as obligations of human rights to a 3rd party.