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Legal entity
(redirected from Legal personality)

   Also found in: Wikipedia 0.53 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.


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Secondly, there is the prospect of the ratification of the European Constitution that will give the European Union a legal personality and hence create the first-ever regional organization that is capable and willing to act as a supranational organization within the framework of the United Nations.
26) By agreeing to Hong Kong's continued participation in such international organizations as the WTO and the Asia Pacific Economic Cooperation (APEC) forum, the PRC authorities were merely accepting the international legal personality Hong Kong had developed under British rule to protect and enhance the territory's status as one of the world's largest trading economies, a major regional financial centre, and important regional headquarters for foreign firms.
 
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