Succession or inheritance of rights, positions, or businesses; often used in legal or corporate contexts (can be used as 'to succeed/assume').
彼は父の会社を承継して社長になった。
He succeeded his father's company and became president.
事業承継の計画を早めに立てることが重要だ。
It's important to plan business succession early.
その契約は第三者に承継できない条項が含まれている。
The contract contains clauses that prevent transfer to a third party.