Legal personality refers to the recognition of an individual or entity as having rights and responsibilities under the law. This concept allows people, organizations, and even governments to enter into contracts, sue or be sued, and own property. Individuals, such as natural persons, are the most common examples of legal personalities. In addition to individuals, juridical persons like corporations and non-profit organizations also possess legal personality. This means they can act independently of their members, allowing them to conduct business, manage assets, and engage in legal proceedings. Legal personality is essential for the functioning of modern legal systems.