Legal entity

(redirected from Legal unit)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The head of the governance and legal unit, John Stolliday, wrote: "I think the party would be well within rights to prevent this person attending party events as more young people may potentially be put in that compromising position."
, barred from The head legal unit, J think the pa rights to pre ing party ev ple may po compromisi The party Sam Matthe stating: "We party's head of complaints, Matthews, circulated an email believe that the most appropriate course of action...
" Khokhar, a sub-inspector/patrol officer of BS-14 is a permanent employee of the National Highways Authority (NHA) and is the head of its legal unit where he is dealing with judicial/legal matters since August 11, 2008, they said, adding, "However, he does not have any experience as a legal practitioner as he acquired his law degree during service." "Moreover, a sub-inspector cannot represent/plead NHA as a legal practitioner being an official of BS-14 because most of the cases of NHA are pending before high courts and the Supreme Court," sources said further.
Farishta Khan a 56 year old owner of a wrought iron shop said his display outlet was a legal unit falling under the commercial area of the civic body but he admitted that he was running a manufacturing unit in a rented house.
Head of the legal unit in the Palestinian Prisoner's Society (PPS) Jawad Boulos said the Israeli military court of Ofer extended the detention of the governor of Jerusalem until Tuesday.
Deputy director of the legal unit in the Prisoners and Ex-prisoner Affairs Committee, Jamil Saadeh, confirmed that the results of the autopsy revealed bruises on the martyr's chest, right thigh and on various parts of his body.
The five units comprise a planning unit, media unit, coordination unit, research unit and legal unit.
One of the former prisoners was identified as Sami Hussein, who spent about 25 years in Israeli prisons and works as a consultant at the PPS Legal Unit.
Customs Commissioner Isidro Lapena and the bureau's legal unit filed the cases before the Department of Justice Friday.
In his new role, Modeus will lead a new legal unit within the company's staff function and will be a member of the senior management team.
When calculating cups per pound of coffee you must consider that a cup is a legal unit of 5 fluid ounces.
Two local lawyers and activists, Youmna Makhlouf and Layal Sakr, led the training along with lawyer Walid Nakib, head of the Legal Unit at the former Prime Minister's Office.