Business Law deals with the fundamental legalities that are required for an organisation’s foundation whereas Corporate Law lays emphasis on the operations, activities, and validity of an organisation. In simple terms, Corporate Lawyers write the contracts and business lawyers review those contracts.

The importance of corporate law is the establishment of laws that govern how corporations are formed and operated. This area is closely related to the practice areas of contract and commercial law.

A company is a voluntary association of persons, recognised by law, having a distinctive name, a common seal, formed to carry on business for profit, with capital divisible into transferable shares, limited liability, a corporate body and perpetual succession. …

A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

Companies are juristic persons. The company is separate from its employees, shareholders or members. If a company is liquidated, its shareholders will lose their shares and such liquidation would prevent its creditors from chasing the shareholders for fulfilment of the its arrears.

The term “natural person” refers to a living human being, with certain rights and responsibilities under the law. By contrast, a “legal person,” or an “artificial person,” is a group of people that is considered by law to be acting as a single individual.

There are two kinds of persons: natural persons and juridical persons. A natural person is a human being. A juridical person is an entity to which the law attributes personality, such as a corporation or a partnership. The personality of a juridical person is distinct from that of its members.

The private juridic person, a concept introduced in the 1983 code, operates collegially on behalf of its members or noncollegially on behalf of the things that constitute it. A ministry that receives private juridic status does not share as integrally in the Church’s name.

Definition of ‘juristic’ 1. of or relating to jurists. 2. of, relating to, or characteristic of the study of law or the legal profession.

n. 1. ( Law) a proceeding designed to have a legal effect.

“Juristic reason” means a reason/justification based upon law for the enrichment of one person at the detriment of another. If there is a juristic reason for an enrichment then it is not “unjust” and the court will not grant a remedy on the basis of unjust enrichment.

1 : of or relating to a jurist or jurisprudence juristic thought. 2 : of, relating to, or recognized in law juristic theory.

: a person who adheres strictly and often excessively to a tradition especially : one preoccupied with the purity of a language and its protection from the use of foreign or altered forms.

juristical. / (dʒʊˈrɪstɪk) / adjective. of or relating to jurists. of, relating to, or characteristic of the study of law or the legal profession.

Of or relating to law or legality.

Pertaining to Judaism; Jewish.

If you have to take drastic action in order to solve a problem, you have to do something extreme and basic to solve it.

Drastic sentence example. In the end, she made a drastic over-calculation and lost the ground battle. The main objects of these drastic alterations have been thought to have been two-fold. Drastic measures were necessary to limit expenditure and to provide new sources of revenue.