True. A charter is a legal document that provides for the creation of a corporate entity. A corporation's charter, issued by a federal or regional government, creates a legal existence of incorporation for the business.
It is true that a Charter is a legal document giving certain rights to a person or company.
A charter is a legal document that grants rights and authority to the recipient to do what is said on the chart. This chart authorizes an individual or a company to exert the rights or benefits established in the document. The word comes from the French "charte" that could be translated as papyrus.
