registered institution with legal rights and responsibilities (i.e. a factory, company, or organization)
A juristic or juridical person is an artificial entity through which the law allows a group of
natural persons to act as if it were a single composite
individual for certain purposes, or in some jurisdictions, for a single person to have a separate legal personality other than their own. This
legal fiction does not mean these entities are human beings, but rather means that the law recognizes them and allows them to act as natural persons for some purposes—most commonly
lawsuits,
property ownership, and
contracts. The concept goes by many names, including corporate personhood. A juristic person is sometimes called a legal person, artificial person, or legal entity (although the last term is sometimes understood to include
natural persons as well). Although the concept of a juristic person is more central to Western law as well as
common law and
civil law countries, it is also found in virtually every legal system.
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