A legal entity (although this is not an exhaustive list) can be an individual, industrial or commercial firm, a university, research organisation, partnership, Associated State, Third State, a country with a Co-operation Agreement, or an SME.
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.
Business organization that is recognized by the law as having a separate legal existence.
Any organization that can function with separate legal existence. An entity such as a corporation, partnership, trust, etc., that can sue or be sued.
A designation in Keep In Touch to refer to a distinct reporting requirement for a state or the FEC. A Legal Entity directly corresponds to a filing – FEC or state. There will be a separate Legal Entity for each different filing report that your organization produces.
An individual or organization which is legally permitted to enter into a contract, and be sued if it fails to meet its contractual obligations.
legal entity is an entity that can be a party to legal contracts. [See also: Wikipedia on Legal Entity.] By definition, all persons and all legally registered companies are legal entities.
a responsible being in the eyes of the law and can be sued for damages if the performance of a contract or agreement is not met
An entity is something that exists. This in contrast to something imaginary that doesn't actually exist. In the eyes of the law some things are considered legal entities and others are not. If something is not a legal entity, as far as the law is concerned it does not exist.
The covered entity ultimately responsible for complying with the HIPAA rules and for ensuring that its subparts and/or health care components are in compliance.
Any company or entity that executes and is bound to a contract, for example, a software license. Each member/company within a corporate group is a separate legal entity.
Any individual, proprietorship, partnership, corporation, association, or other organization that has, in the eyes of the law, the capacity to make a contract or an agreement, and the abilities to assume an obligation and to discharge a indebtedness.
A legal entity (LE), e.g., an International Business Company, Panamanian Private Foundation, Delaware Corporation or Limited Liability Company, exists independently from its members, founders or shareholders. Generally, the liability is limited to the assets a LE owns, and the personal property of the members, founders or shareholders may not be seized by the creditors. A LE has many features of a natural person, e.g. it may hold property, suit other legal and natural persons, and be responsible in a court for its acts and deeds.
A person or organization with a separate and distinct existence for legal or tax purposes.
Individuals or organizations that can enter into a contract and may be sued for not performing in accordance with the contract. A minor is not a legal entity and cannot sign a contract.
A legal entity is a natural person or a legal construct through which the law allows a group of natural persons to act as if it were a single composite individual for certain purposes. The most common purposes are lawsuits, property ownership, and contracts. Sometimes referred to as corporate personhood or legal personality, this concept allows for easy conduct of business by having ownership, lawsuits, and agreements under the name of the legal entity instead of the several names of the people making up the entity.
