How is Legal Personality defined in a legal contract?
- Legal Personality means a person or entity has lawful rights and duties. These include the right to be free from interference, and the rights to exist and persist. If these rights are violated, they can seek legal enforcement and a solution via the legal system. The most typical instance of an entity apart from a human being having a legal personality is a corporation. Seen in 1 SEC filing
- Legal Personality means any person, thing, or entity can perform legal actions including - but not limited to - creating contracts, owning property, and ability to be sued. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of legal personality' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Legal Personality means an entity with rights, duties and the ability to engage in legal actions such as contracts and owning property.
Relevant Contract Types
Relevant Circumstances
- When forming a new business entity or partnership
- Establishing terms of an employment
- Documenting arrangements for a service
- Outlining confidentiality terms in a business relationship
Relevant Sectors
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Legal Personality means an entity with rights, duties and the ability to engage in legal actions such as contracts and owning property
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