Simple definition
People or entities that later inherit or receive contractual rights or obligations.
General
What Does Successors And Assigns Mean?
People or entities that later inherit or receive contractual rights or obligations.
Example in a contract
The agreement binds the parties and their successors and assigns.
What successors and assigns means in a contract
This type of term often appears in the general or boilerplate provisions that govern how the agreement is interpreted and administered.
Why it may matter
These clauses can affect amendment, assignment, waiver, severability, notices, and how the document works as a whole. Review the exact language rather than relying on the label alone.
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FAQ
Questions about successors and assigns.
What does successors and assigns mean in plain English?+
People or entities that later inherit or receive contractual rights or obligations.
Where might successors and assigns appear in a contract?+
This type of term often appears in the general or boilerplate provisions that govern how the agreement is interpreted and administered.
Is this definition legal advice?+
No. ClauseInsight provides concise informational explanations. The legal effect of a term depends on the complete document, facts, and applicable law.