Define: Legal Status
Legal Status means the classification of an entity as a proprietorship, partnership, private/public limited company, or other specified type
Legal Status means the classification of an entity as a proprietorship, partnership, private/public limited company, or other specified type.
Relevant Circumstances
- When a contract requires evidence of how a party is legally constituted
- If different rules apply to sole traders, partnerships or limited companies
- Where reps and warranties depend on the entity's legal status