A more thorough explanation:

Definition: Lex privata is a Latin term that means "private law" in English. It was used in Roman law to refer to a term in a private contract.

Example: A contract between two parties may include a clause that states that any disputes will be resolved through arbitration rather than going to court. This clause would be considered a lex privata.

Explanation: The example illustrates how a lex privata is a term in a private contract. In this case, the clause about resolving disputes through arbitration is a private law that the parties have agreed to follow. It is not a law that applies to everyone, but only to those who have agreed to it in their contract.