A juridical person, also known as a legal person, is an entity that has legal rights and obligations, similar to a human being. This includes organizations like companies, nonprofits, and governments, which can enter contracts, sue, and be sued. Juridical persons are recognized by law, allowing them to operate independently of the individuals who manage or own them. The concept of juridical persons helps facilitate business and legal transactions by providing a clear structure for accountability and responsibility. For example, if a corporation faces legal issues, it is the corporation itself that is held liable, not the individual shareholders or employees.