A juristic person is a non-human entity recognized by the law as having similar rights and responsibilities as a human. Examples include corporations and partnerships. It’s crucial to note that while they may have similar legal rights, they are not equivalent to real individuals.
A juristic person, such as a corporation, is legally acknowledged as possessing the same rights and responsibilities as a human being. This implies that the entity has the ability to engage in contracts, initiate legal actions, and possess assets, similar to an individual. For instance, a corporation can sign a lease for office space, file a lawsuit against another company for patent violation, and own a physical structure.
A juristic person is a legal entity that is recognized by the law as having rights and responsibilities similar to those of a natural person. Examples of juristic persons include corporations, government entities, and non-profit organisations.
While a natural person refers to an individual human being, a juristic person is an artificial entity created by law. Juristic persons can own property, enter into contracts, and sue or be sued in court, just like natural persons.
A juristic person is created through a legal process known as incorporation. This involves filing the necessary documents with the appropriate government authority, such as articles of incorporation for a corporation or a charter for a non-profit organisation.
One of the main advantages of being a juristic person is that it provides limited liability protection to its owners or members. This means that their personal assets are generally protected from the debts and liabilities of the juristic person.
In most jurisdictions, a juristic person can be held criminally liable for certain offenses. However, it is important to note that the liability is attributed to the organisation itself and not to its individual owners or members.
Yes, a juristic person can own property in its own name. This includes real estate, vehicles, intellectual property, and other assets necessary for its operations.
Yes, a juristic person can enter into contracts just like a natural person. It can negotiate and sign agreements with other individuals, organisations, or even other juristic persons.
Yes, a juristic person can be sued in a court of law. If the juristic person is found liable, it may be required to pay damages or other remedies as determined by the court.
Yes, a juristic person can be dissolved or terminated. This can occur voluntarily through a decision by its owners or members, or involuntarily through a court order or other legal process.
Yes, a juristic person has legal rights and protections under the law. These rights may include freedom of speech, due process, and protection against discrimination, among others. However, the specific rights and protections may vary depending on the jurisdiction and the nature of the juristic person.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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