/liːɡal səˈkɛʃən/ – Phrase
Definition: 1. quyền kế tục;
2. việc thừa kế theo luật định.
A more thorough explanation: Legal succession refers to the process by which property, rights, and obligations are transferred from one person to another upon the death of the former owner, in accordance with the laws of inheritance or wills. It involves the orderly transfer of assets and liabilities to the heirs or beneficiaries of the deceased individual.
Example: In the event of the CEO’s sudden passing, the company’s bylaws dictate the legal succession plan, which outlines the process for appointing a new chief executive officer.