How is Legal Successor defined in a legal contract?
- Legal Successor means the legal representative, heir, successor or assign of any person who is legally incompetent or has died. Seen in 5 SEC filings.
- Legal Successor means a person who, with the consent of an eligible person, takes over the rights of the said person in the event of their death, this person then has the right to subscribe for the Warrants under the stipulated conditions and terms. Seen in 2 SEC filings.
- Legal Successor means a person who is the inheritor of a convicted person, cooperative witness, bequeather or their inheritors. Seen in 2 SEC filings.
- Legal Successor means a third party or entity who acquires the rights, title, and interest to the party's business related to the contracted products after a certain date. Seen in 2 SEC filings.
- Legal Successor means the legal representative, heir, successor or assign of any person who has been declared mentally incompetent or has ceased to exist, or, in the case of an entity, which has ceased to have legal existence. Seen in 1 SEC filing.
- Legal Successor means a person who derives inherited assets of illegal origin from a suspect, an accused person, a convicted person, or their heirs and the inheritor is aware or should have known of the illegal sources of these assets. Seen in 1 SEC filing.
- Legal Successor means an inheritor of a convicted person, cooperative witness. Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of legal successor' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Legal Successor means the inheritor, assign, or representative that rightfully takes over the rights of a deceased or incompetent person.
Relevant Contract Types
Relevant Circumstances
- Death or incapacitation of an individual
- Transfer of ownership due to inheritance
- Cases involving trust and estate
Relevant Sectors
Genie Definition 2
Legal Successor means a third party obtaining all rights, titles, and interests of another's business due to acquisition or contractual transfer.
Relevant Contract Types
Relevant Circumstances
- Sale of company or assets
- Corporate restructuring
- Company mergers and acquisitions
Relevant Sectors
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Legal Successor means the inheritor, assign, or representative that rightfully takes over the rights of a deceased or incompetent person
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