jtrain609
Antisocial Monster
Not playing sides here, but I decided to get an official definition for the word "entity", since this appears to be a target for debate. The following is from Merriam-Webster Dictionary:
By that definition, both an individual and an organization are entities.
Gotta love "lawyer talk" when it comes to the rules and regulations of our beloved United States. (No offense @jtrain609 cause I know you da man!)
Looking to the definition of entity isn't the right place to start.
Looking to the most basic definition of what makes up a contract is the right place to start.
But don't take my word for it, Cornell's Legal Information Institute is a pretty good source (and I don't want to go typing something out of my copy of Black's Law Dictionary right now):
An agreement creating obligations enforceable by law. The basic elements of a contract are mutual assent, consideration, capacity, and legality. In some states, the element of consideration can be satisfied by a valid substitute.
http://www.law.cornell.edu/wex/contract
Oh and don't we have a referee for this stuff now? Hey @PilotDefenseAttorney, are you interested in a lecture on mutual assent, substitution of consideration and third party beneficiaries?