Entity definition: Copy, customize, and use instantly
Introduction
The term "Entity" refers to any individual, organization, or legally recognized body that can enter into contracts, own property, or conduct business. It is essential for specifying roles, responsibilities, and obligations in legal agreements, ensuring clarity and enforceability.
Below are various examples of how "Entity" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Entity" as a legal person
This definition ties "Entity" to any individual or organization recognized by law.
"Entity" means any individual, corporation, partnership, trust, or other legal person recognized under applicable laws and capable of entering into binding agreements.
Definition of "Entity" as a business organization
This definition connects "Entity" to organizations conducting business activities.
"Entity" refers to any business organization, including corporations, limited liability companies, sole proprietorships, and partnerships, formed and operating under applicable laws.
Definition of "Entity" as a governmental body
This definition applies "Entity" to public sector organizations or authorities.
"Entity" means any governmental body, agency, or instrumentality, including federal, state, or local authorities, with the authority to perform legal or administrative functions.
Definition of "Entity" as a nonprofit organization
This definition ties "Entity" to nonprofit organizations.
"Entity" refers to any nonprofit organization, foundation, or charitable institution established for purposes other than generating profit and recognized under applicable laws.
Definition of "Entity" as a financial institution
This definition highlights "Entity" in the context of financial organizations.
"Entity" means any bank, credit union, investment firm, or other financial institution authorized to provide financial services and conduct transactions under applicable regulations.
Definition of "Entity" as a foreign corporation
This definition applies "Entity" to corporations formed under foreign jurisdictions.
"Entity" refers to any corporation or business organization incorporated under the laws of a foreign jurisdiction and authorized to operate in the applicable territory.
Definition of "Entity" as a holding company
This definition ties "Entity" to companies primarily focused on owning other businesses.
"Entity" means any holding company or parent corporation established to own and manage subsidiary companies or assets.
Definition of "Entity" as a joint venture
This definition applies "Entity" to collaborative business arrangements.
"Entity" refers to any joint venture or partnership created by two or more parties to collaborate on specific business objectives while sharing profits, losses, and responsibilities.
Definition of "Entity" as a trust
This definition highlights "Entity" in the context of trusts.
"Entity" means any trust established under applicable laws, including revocable, irrevocable, or charitable trusts, with fiduciary responsibilities assigned to trustees.
Definition of "Entity" as a public-private partnership
This definition ties "Entity" to collaborations between public and private sectors.
"Entity" refers to any organization formed as a public-private partnership, combining resources and expertise from both sectors to achieve common goals.
Definition of "Entity" as a sole proprietorship
This definition applies "Entity" to individuals operating businesses under their own names.
"Entity" means any sole proprietorship, where an individual operates a business under their own name or a trade name without formal incorporation.
Definition of "Entity" as an educational institution
This definition highlights "Entity" in the context of schools or universities.
"Entity" refers to any educational institution, including schools, colleges, and universities, recognized under applicable laws and authorized to provide educational services.
Definition of "Entity" as a multinational corporation
This definition applies to large corporations operating across multiple countries.
"Entity" means any multinational corporation or enterprise that operates and conducts business in multiple jurisdictions under applicable international and local laws.
Definition of "Entity" as a statutory body
This definition ties "Entity" to bodies established by legislation.
"Entity" refers to any statutory body or organization created by legislation to perform specific public or regulatory functions.
Definition of "Entity" as a partnership
This definition applies "Entity" to business partnerships.
"Entity" means any partnership formed by two or more individuals or organizations to conduct business activities under applicable partnership laws.
Definition of "Entity" as a cooperative
This definition focuses on cooperatives as entities.
"Entity" refers to any cooperative organization owned and operated by its members for mutual benefit, recognized under applicable cooperative laws.
Definition of "Entity" as a charitable foundation
This definition ties "Entity" to foundations established for charitable purposes.
"Entity" means any charitable foundation established to support philanthropic activities and recognized under applicable laws governing charitable organizations.
Definition of "Entity" as a public corporation
This definition highlights "Entity" in the context of publicly traded corporations.
"Entity" refers to any corporation whose shares are publicly traded on stock exchanges and governed by applicable securities laws and regulations.
Definition of "Entity" as a religious organization
This definition applies "Entity" to faith-based organizations.
"Entity" means any religious organization or institution established for worship, spiritual guidance, or community service, recognized under applicable laws.
Definition of "Entity" as a special purpose vehicle (SPV)
This definition focuses on entities created for specific projects or financial transactions.
"Entity" means any special purpose vehicle (SPV) or subsidiary formed to isolate financial risk or undertake specific projects, recognized under applicable laws.
Definition of "Entity" as a franchise
This definition applies to franchise businesses operating under licensing agreements.
"Entity" refers to any franchise business established under a licensing agreement to operate using the franchisor's brand, system, or intellectual property.
Definition of "Entity" as a limited liability partnership (LLP)
This definition highlights entities formed as LLPs.
"Entity" means any limited liability partnership (LLP) organized under applicable laws, combining elements of partnerships and corporate liability protection.
Definition of "Entity" as a startup company
This definition ties "Entity" to early-stage businesses.
"Entity" refers to any startup company, typically in its initial stages of development and innovation, organized to bring new products or services to market.
Definition of "Entity" as a foreign governmental agency
This definition applies to foreign governmental bodies operating in a specific jurisdiction.
"Entity" means any foreign governmental agency or authority recognized under applicable laws, authorized to perform administrative, regulatory, or diplomatic functions.
Definition of "Entity" as a non-governmental organization (NGO)
This definition focuses on NGOs operating independently of governments.
"Entity" refers to any non-governmental organization (NGO) established to address social, cultural, or humanitarian objectives, operating independently of governmental control.
Definition of "Entity" as a research institution
This definition applies to organizations conducting research and development.
"Entity" means any research institution or organization engaged in scientific, technological, or social research, recognized under applicable laws.
Definition of "Entity" as a hybrid organization
This definition highlights organizations combining public and private elements.
"Entity" refers to any hybrid organization that combines characteristics of public and private entities to achieve both profit-driven and social goals.
Definition of "Entity" as a community-based organization (CBO)
This definition ties "Entity" to grassroots organizations serving local communities.
"Entity" means any community-based organization (CBO) established to address the specific needs and interests of a local community, operating under applicable laws.
Definition of "Entity" as a dormant company
This definition focuses on entities that are legally registered but inactive.
"Entity" refers to any dormant company that is legally registered but does not engage in active business operations or trading.
Definition of "Entity" as a subsidiary
This definition applies to entities owned or controlled by parent companies.
"Entity" means any subsidiary company that is majority-owned or controlled by a parent company, operating within the scope of its corporate group.
Definition of "Entity" as a professional association
This definition ties "Entity" to organizations representing professional groups.
"Entity" refers to any professional association or organization formed to represent the interests of professionals in a specific field, recognized under applicable laws.
Definition of "Entity" as a public utility
This definition highlights entities providing essential public services.
"Entity" means any public utility, such as electricity, water, or telecommunications providers, operating under regulatory frameworks to deliver essential services.
Definition of "Entity" as a trade union
This definition applies to labor organizations representing workers.
"Entity" refers to any trade union or labor organization formed to represent employees’ interests, negotiate collective bargaining agreements, and advocate for workplace rights.
Definition of "Entity" as an estate
This definition ties "Entity" to property or assets held after an individual's death.
"Entity" means any estate, consisting of the property, rights, and obligations of a deceased person, administered under probate laws.
Definition of "Entity" as a pension fund
This definition applies to entities managing retirement funds.
"Entity" refers to any pension fund or retirement system established to manage and distribute retirement benefits to employees or beneficiaries.
Definition of "Entity" as a sovereign state
This definition highlights entities functioning as independent nations.
"Entity" means any sovereign state or nation recognized under international law, possessing the authority to govern its territory and population.
Definition of "Entity" as a regulatory authority
This definition ties "Entity" to bodies overseeing compliance with laws.
"Entity" refers to any regulatory authority or oversight body responsible for enforcing laws and regulations within a specific sector or jurisdiction.
Definition of "Entity" as a public trust
This definition applies to trusts established for public benefit.
"Entity" means any public trust established to manage assets or funds for charitable, educational, or public purposes, operating under applicable trust laws.
Definition of "Entity" as a social enterprise
This definition highlights organizations combining business and social goals.
"Entity" refers to any social enterprise that uses business strategies to achieve social or environmental objectives, operating under legal frameworks that support blended goals.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.