States the purpose for which the Entity is organized, in the broad form a corporate charter uses. Required of a corporation; a Delaware limited liability company never states one.
Purpose
States the purpose for which the Entity is organized, in the broad form a corporate charter uses. Required of a corporation; a Delaware limited liability company never states one.
- Clause id:
purpose@1.0.0
- Activated by the
purpose module
- Composes after:
## Article I - Identity (a document package may override this through its anchors map)
- Placeholders:
lawName
Item numbers in this clause are canonical: they open at 1.1 under the
clause's own heading and never assume a host document's numbering. A
consumer composing the clause renumbers it to continue the target
document.
Source: form follows the market-standard Delaware C-Corp startup formation set as produced by Stripe Atlas; the text is standard Delaware corporate practice under the general corporation law, not a third party's proprietary drafting, and no real party's data is shipped. Carried at the same provenance discipline as delaware-ccorp@1.0.0.
Licence: Apache-2.0
Legal review: The source names a corporation and the DGCL; this clause says entity and takes the law as a variable, so the same text serves any form and any jurisdiction.
Do not hand-edit this directory. It is generated:
node scripts/import-entity-templates.mjs [path-to-model-factory]
Purpose
1.1 The purpose of the Entity is to engage in any lawful act or activity for which an entity may be organized under the Delaware General Corporation Law.
Purpose
----
**1.1** The purpose of the Entity is to engage in any lawful act or activity for which an entity may be organized under the Delaware General Corporation Law.
## Purpose
**1.1** The purpose of the Entity is to engage in any lawful act or activity for which an entity may be organized under {{lawName}}.
{
"$class": "id.entity.render.clause.purpose@1.0.0.PurposeClauseRender",
"lawName": "the Delaware General Corporation Law"
}
/*
* Render model fragment for purpose@1.0.0.
*
* The purpose was the one certificate element with no standalone clause: it
* sat inside the base at 1.2, where it could not be composed, varied by
* entity type, or left out. A corporation must state one; a Delaware LLC
* never does.
*
* provenance:
* source: id.entity.core@2.2.0 (projection)
* licence: Apache-2.0
*/
namespace id.entity.render.clause.purpose@1.0.0
import org.accordproject.runtime@0.2.0.{Request,Response} from https://models.accordproject.org/accordproject/runtime@0.2.0.cto
@template
concept PurposeClauseRender {
o String lawName
}