Legal entity

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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 ?
encourages the Turkish authorities to continue the reform process and introduce legislation making it possible for all non-Muslim religious communities as such to acquire legal personality. There are many models in Europe how to do this and the Turkish authorities are free to choose the model they consider most suitable for the situation in their country as long as it is in full compliance with the requirements of the European Convention on Human Rights" (para.
The main purposes underlying the existence of a legal person may be economic, patrimonial, such as gaining profits, but may also be non-patrimonial or charitable purposes (i.e., such as would be the case with charitable associations, unions of artists, professional associations, sport structures (with legal personality), trade unions, associations and foundations, etc.).
The problems related to the legal personality and the international status of the OSCE is not a merely academic dispute (6).
That same year, she was named legal personality of the year.
4 that a Vatican delegation exchanged the documents of ratification of a "Legal Personality Agreement" with Israeli officials Wednesday at a ceremony in Israel.
While acknowledging discrete differences in political environment between these two time periods, reviewing the strengths and weaknesses of past political decision making and some legal considerations might hold lessons which are adaptable to the current imperative of self-determination for a people with recognized legal personality. Such a backward glance might also serve to remind that although the admittedly sui generis character of the present struggle can be understood as a legitimate hindrance to a more fluid peace process or at least progress, this argument does not hold; the unique obstacles to Palestinian self-determination are hardly recent developments, and in fact have been apparent all along.
(19) for the year 2019 stipulates to establish an academic institution specialised in science, technology and maritime transport in the Emirate of Sharjah called "Arab Academy for Science, Technology and Maritime Transport", and shall enjoy the legal personality and the full legal capacity necessary to achieve its objectives.
With an autonomous legal personality and full legal capacity, the authority will be affiliated to Abu Dhabi Executive Council and replaces Abu Dhabi Systems and Information Centre, whose all assets and rights shall be the property of the newly-established entity, being its legal successor.
The national business register centre is a non-administrative public institution with legal personality and administrative and financial autonomy.
The corporation has a legal personality that's distinct from the owners or shareholders ...
The Afro-Asian Economic Council (AAEC) was founded in 2017, as an economic, non- governmental, and independent legal personality council that aims to develop the African and Asian investment relations in different economic aspects and activities.
He covers three illustrative cases, an overview of the key moments in the development of NATO, current institutional framework of NATO and its decision making process, the international legal personality of NATO, binding international obligations to NATO's operations, and attributes of wrongful acts to NATO.