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Legal Entity

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal Entity
A person who can enter a contract and therefore may be sued. A legal entity can be held liable for damages. It is important to note that a legal entity need not be an individual person. A corporation or other duly constituted organization is recognized as a person and, as such, is considered a legal entity.
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In order to establish civil liability under this Article, the following preconditions must be met: i) inability of the legal entity to perform its' obligations; ii) bad faith acts; iii) causation between the inability to fulfill the entity's duties and bad faith actions.
Bad faith acts by a member of a legal entity--is it possible for a ... by Stuglyte, Zydrune / The Baltic Times (Riga, Latvia)
The legal entity that shows up to defend is the legal entity that is sued," Ms.
Who's who to be sued at Unitil snarls suit by Telegram & Gazette (Worcester, MA)
If the legal entity exceeds the threshold in the preceding calendar year, it is obliged to report it by no later than January 15 of the ongoing year.
New firms being opened in the face of crisis by Macedonian Business Monthly
 
 
 
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