Individuals or organizations that can enter into a contract and may be sued for not performing in accordance with the contract A minor is not a legal entity and cannot sign a contract
Any organization that can function with separate legal existence An entity such as a corporation, partnership, trust, etc , that can sue or be sued
Any person, proprietorship, partnership or corporation which has the legal capacity to enter into an agreement or contract
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract