A grandfather clause preserves existing rights when new rules are introduced, allowing certain individuals or entities to continue operating under previous conditions. Commonly applied in zoning, licensing, or regulatory changes, it protects established businesses or property owners from sudden compliance costs. Beneficiaries include long-standing operators who would otherwise face unfair disadvantages due to newly enacted policies.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends