This ontology defines high-level legal concepts, especially those related to legal responsibilities, for use in other FIBO ontology elements. The ontology defines things which are conferred upon some entity by some legal instrument, and elaborates this into a number of specific capacities, responsibilities and powers, each of which forms the basis for many of the concepts used elsewhere in FIBO in defining legal personhood, executive powers and the like. Legal Capacity Ontology identifies an individual or organization that has some capability to carry out certain actions, or has certain rights or obligations has capacity identifies an individual or organization on which a given legal capacity has been conferred is capacity of The capacity to enter into legally binding contracts. contractual capability institutionalized and legal power inherent in a particular job, function, or position that is meant to enable its holder to successfully carry out his or her responsibilities, where such power has been delegated through some formal means delegated legal authority Some obligation which exists and is imposed on some individual. duty The capacity to carry out certain actions or to have certain rights. legal capacity Something which is conferred by way of law or contract, such as a right. legal construct The ability to be sued at law Liability Capacity the capacity of some natural person to sign agreements on the part of some organization or legal person Signatory Capacity An obligation which is defined under some body of law (statute). statutory responsibility 0 0 1 Copyright (c) 2013-2014 EDM Council, Inc. Copyright (c) 2013-2014 Object Management Group, Inc. http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense LegalCapacity.rdf fibo-fnd-law-lcap This ontology defines high-level legal concepts, especially those related to legal responsibilities, for use in other FIBO ontology elements. The ontology defines things which are conferred upon some entity by some legal instrument, and elaborates this into a number of specific capacities, responsibilities and powers, each of which forms the basis for many of the concepts used elsewhere in FIBO in defining legal personhood, executive powers and the like. The http://www.omg.org/spec/EDMC-FIBO/FND/20130801/Law/LegalCapacity.rdf version of the ontology was was modified per the issue resolutions identified in the FIBO FND 1.0 FTF report and in http://www.omg.org/spec/EDMC-FIBO/FND/1.0/AboutFND-1.0/. The http://www.omg.org/spec/FIBO/Foundations/20130601/Law/LegalCapacity.owl version of the ontology was revised in advance of the September 2013 New Brunswick, NJ meeting, as follows: (1) to use slash style URI/IRIss (also called 303 URIs, vs. hash style) as required to support server side processing (2) to use version-independent IRIs for all definitions internally as opposed to version-specific IRIs (3) to change the file suffix from .owl to .rdf to increase usability in RDF tools (4) to use 4-level abbreviations and corresponding namespace prefixes for all FIBO ontologies, reflecting a family/specification/module/ontology structure (5) to incorporate changes to the specification metadata to support documentation at the family, specification, module, and ontology level, similar to the abbreviations. http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/ http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/ http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/ http://www.omg.org/spec/EDMC-FIBO/FND/Law/LegalCore/ http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/ http://www.omg.org/spec/EDMC-FIBO/FND/Agreements/Contracts/ http://www.omg.org/spec/ODM/ http://www.w3.org/standards/techs/owl#w3c_all identifies an individual or organization that has some capability to carry out certain actions, or has certain rights or obligations This includes capacities specific to duties at law (such as those for corporate officers) as well as the ability or capacity to incur liability. identifies an individual or organization on which a given legal capacity has been conferred The capacity to enter into legally binding contracts. This is the capacity which defines Contractually Capable Entity (sometimes labeled as 'Legal Entity') as distinct from 'Legal Person'. In the latter case the liabilities incurred in the contract accrue also to the Legal Person. In the case of contractual capability, the entity has the authority to enter into contracts, whether or not the liabilities accrue to that same entity (which they do if it is also a Legal Person). For Legal Entities which are not Legal Persons, the liability unwinds to some legal person within the structure of the entity, for example a General Partner or a Trustee. This is always accompanied by an equal responsibility for one's actions or a failure to act. This specifically means the authority to make legally binding commitments. institutionalized and legal power inherent in a particular job, function, or position that is meant to enable its holder to successfully carry out his or her responsibilities, where such power has been delegated through some formal means Some obligation which exists and is imposed on some individual. This can also be thought of as an obligation - not in the sense in which an obligation and a right are the converse aspects of one another, but in and of itself, independent of the perspective from which it is considered. Examples include statutory obligations, reporting obligations and so on. The capacity to carry out certain actions or to have certain rights. suggested definition only Obligations are an aspect of this category of thing, as are rights. Something which is conferred by way of law or contract, such as a right. Note that for the purposes of this model, this is distinct from culpability (the ability to commit criminal acts). That would be a separate and analogous term but with grounding in criminal rather than civil law. The ability to be sued at law the capacity of some natural person to sign agreements on the part of some organization or legal person An obligation which is defined under some body of law (statute).