Being typically sharp, it has a point (3)
I believe the answer is:
wit
'being' is the definition.
(wit is a kind of being)
'it has a point' is the wordplay.
'has' is a charade indicator (letters next to each other).
'a point' becomes 'w' (West).
'it' put after 'w' is 'WIT'.
'typically sharp' is the link.
I am not very happy about this link. Some or all of it may belong to another bit of the clue.
Can you help me to learn more?
(Other definitions for wit that I've seen before include "Clever humour in speech" , "Joker" , "Maker of clever remarks" , "Funny person" , "clever speaker" .)