{
  "canonicalUrl": "https://xn--mwe.com/glossary/contract-capacity/",
  "claimStatus": "RESEARCH FINDING",
  "code": "K01-TERM-053",
  "correctionStatus": "CURRENT K05 RELEASE",
  "definition": "The legally recognized ability to enter enforceable agreements and bear the resulting rights and obligations.",
  "lastReviewed": "2026-08-16",
  "name": "Contract Capacity",
  "not": "A system’s ability to negotiate or sign data does not automatically give it legal contract capacity.",
  "plain": "Capacity varies by entity type, jurisdiction and representation rules.",
  "relatedTermCodes": [
    "K01-TERM-041",
    "K01-TERM-052",
    "K01-TERM-078"
  ],
  "releaseId": "K12-2026-08-16",
  "researchCutoff": "2026-08-16",
  "slug": "contract-capacity",
  "sourceRevalidatedAt": "2026-08-15T23:00:00Z",
  "status": "RESEARCH FINDING",
  "topic": "economics-resources",
  "type": "DefinedTerm"
}