Private Ordering

Private ordering refers to agreements or arrangements made privately between parties, rather than dictated by formal laws or regulations. In contexts like finance, law, or business, it involves customizing rules, procedures, or contracts that suit specific needs, allowing for flexibility and confidentiality. For example, companies might privately agree on how to resolve disputes or set terms for partnerships, instead of relying solely on public statutes. This approach enables more tailored, efficient, and discreet management of relationships and transactions, while still maintaining legal enforceability when properly documented.