Legal Entity
/ˈliːɡəl ˈɛn.tɪ.ti/
Definitions
- (n.) An organization or individual recognized by law as having rights and duties, capable of owning property, entering contracts, and suing or being sued.
The corporation is a separate legal entity from its shareholders.
Forms
- legal entities
Related terms
See also
Commentary
In drafting, specifying whether a legal entity is natural or artificial clarifies rights and obligations under law.
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.