/pɑrtiz ənd ðer praɪviz/ – Phrase
Definition: các bên và những người có quyền lợi liên quan.
A more thorough explanation: In legal terms, “parties” refer to the individuals or entities involved in a legal proceeding, such as a lawsuit or contract. They are the people or organizations that are directly involved in the case and have legal rights and responsibilities.
“Privies” in legal language refers to individuals or entities that are connected to the parties in a legal proceeding, such as successors in interest, those who are in privity with the parties, or those who have a legal relationship with the parties that gives them a direct interest in the outcome of the case. Privies may have rights or obligations that are affected by the legal proceedings involving the parties.
Example: The court ruled that the contract was binding on all parties and their privies, including any successors or assignees.