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legal

Legal incapacity

1) Term used in 'O' licensing when licence holder becomes incapable of managing his own affairs or becomes a patient under the Mental Health Act.

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Legal entity

1) A business organization that is given its own legal persona (ie separate to that of its owners) by being incorporated as a limited liability company (Ltd) - or a public limited company (pic) - under the Companies Acts. It can be prosecuted and sued as such.

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