Corporate Personality
/ˈkɔːrpərɪt pɜːrsəˈnælɪti/
Definitions
- (n.) The legal concept recognizing a corporation as a distinct entity separate from its members, with its own rights and liabilities.
The corporate personality allows the company to enter contracts in its own name.
Related terms
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Commentary
Corporate personality forms the foundation for limited liability and corporate governance; precise drafting is needed to clarify the scope of entity rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.