Definition, Meaning & Synonyms
legal-successor
noun
/ˈliːɡəl səkˈsɛsər/
Definition
A legal successor is an individual or entity that assumes the rights and obligations of another person or entity due to a legal process, often through inheritance or assignment.
Examples
- After the passing of the business owner, his children became the legal successors of the company.
- The legal successor of the company will be responsible for settling all pending debts.
- If the original contract is terminated, the legal successor can take over the agreement.
Meaning
In simpler terms, a legal successor is someone who takes over the legal responsibilities and rights of someone else, typically when that person is no longer able to fulfill those duties, such as after death or through a transfer agreement.
Synonyms
- heir
- successor
- assign
- proxy