Juridical Person vs. Legal Person

Attribute	Juridical Person	Legal Person
Definition	An entity recognized by law as having legal personality	An entity recognized by law as having legal personality
Formation	Created through registration or incorporation	Created through registration or incorporation
Capacity	Can enter into contracts and sue or be sued	Can enter into contracts and sue or be sued
Liability	Can be held liable for its actions and debts	Can be held liable for its actions and debts
Duration	Can exist indefinitely	Can exist indefinitely

Definition

Juridical person and legal person are terms used in the legal field to describe entities that have legal rights and responsibilities. A juridical person is an entity that is recognized as having legal personality, such as a corporation, government agency, or non-profit organization. A legal person, on the other hand, is a broader term that encompasses both natural persons (individual human beings) and juridical persons.

Creation

One key difference between juridical person and legal person is how they are created. A juridical person is typically created through a formal legal process, such as registration with a government agency or incorporation under a specific set of laws. This process gives the entity legal recognition and the ability to enter into contracts, own property, and sue or be sued in court. In contrast, a legal person is simply any entity that is recognized as having legal rights and responsibilities, regardless of how it was created.

Capacity

Another important distinction between juridical person and legal person is their legal capacity. A juridical person has the capacity to enter into contracts, own property, and engage in legal proceedings in its own name. This means that a corporation, for example, can sign contracts, buy and sell assets, and file lawsuits just like an individual person can. A legal person, on the other hand, may have more limited legal capacity depending on the laws that govern its existence.

Liability

Liability is another area where juridical person and legal person differ. A juridical person can be held liable for its actions, meaning that it can be sued for damages or other legal remedies if it breaches a contract or commits a tort. This liability is typically limited to the assets of the entity itself, protecting the personal assets of its owners or shareholders. In contrast, a legal person may have different levels of liability depending on its legal status and the laws that govern it.

Recognition

One of the key similarities between juridical person and legal person is that both are recognized as having legal rights and responsibilities by the legal system. This recognition allows these entities to enter into contracts, own property, and engage in legal proceedings just like individual human beings can. However, the specific rights and responsibilities of juridical and legal persons may vary depending on the laws that govern them and the jurisdiction in which they operate.

Conclusion

In conclusion, while juridical person and legal person are similar in that they both have legal rights and responsibilities, there are key differences between the two terms. Juridical person is a more specific term that refers to entities created through a formal legal process, while legal person is a broader term that encompasses both natural and juridical persons. Understanding these distinctions is important for anyone working in the legal field or dealing with entities that have legal personality.