Proprietor
Term · Law · MLC-T-LAW-003979
An individual or entity that holds legal ownership of a business, property, or other asset. This person or group possesses exclusive rights and control over the item, including the ability to manage its operations or dispose of it. A sole proprietor, for instance, is the single owner of an unincorporated business and is personally liable for its debts.
| Identifier | MLC-T-LAW-003979 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003979",
"term": "Proprietor",
"field": "Law",
"definition": "An individual or entity that holds legal ownership of a business, property, or other asset. This person or group possesses exclusive rights and control over the item, including the ability to manage its operations or dispose of it. A sole proprietor, for instance, is the single owner of an unincorporated business and is personally liable for its debts.",
"url": "https://mlchart.com/terminology/law/proprietor/"
}
Record 4,023 of 5,439 in Law terminology (MLC-0107). Request the full dataset.