Derivative Acquisition Law and Legal Definition

Derivative acquisition means an acquisition of a property from a previous owner. In order to constitute a derivative acquisition there must be a voluntary transfer from the part of the previous owner. For instance, the most common forms to obtain a derivative acquisition are by sale or gift. Derivative acquisitions presupposes some other precedent conveyance, and serves to enlarge, confirm, alter, restrain, restore, or transfer the interest granted by the previous owner.