Definition of LegalEntity

[GeertThijs]

The usageNote of LegalEntity gives the impression that every LegalEntity transacts business, which is not true. Most of them conduct business for profit but there are also non-profit Organizations. Maybe define what is understood with business or leave it out of the usageNote alltogether.

[GeertThijs]

Consider for example this definition for LegalEntity in the Data Privacy Vocabulary (DPV): "A human or non-human 'thing' that constitutes as an entity and which is recognised and defined in law". Which not at all corresponds with the CBV2.0 definition of LegalEntity.

[EmielPwC]

The current definition of Legal Entity is "A self-employed person, company, or organization that has legal rights and obligations.".

The usage note could be improved if we want to include non-profit organisations that do not transact business.
The proposition is therefore changing the phrasing "able to transact business" into " has the capacity to
negotiate contracts" in the usage note.

[EmidioStani]

During the webinar of 21/02/2023 there was no consensus on this issue, therefore it stays open