Legal entity

(redirected from Separate legal personality)
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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.
References in periodicals archive ?
You have two chancery division judges in the court of appeal saying that you have to respect the separate legal personality of these companies .
Consequently, the target becomes a subsidiary retaining its separate legal personality.
Unlike a BVI BC, a BVI LP does not have separate legal personality and is a partnership formed by two or more persons with one or more general partners and one or more limited partners.