Successor To An Existing Contract Law and Legal Definition
According to 15 USCS § 3301 [Title 15. Commerce and Trade; Chapter 60. Natural Gas Policy], the term "successor to an existing contract" means “any contract, other than a rollover contract, entered into on or after the date of the enactment of this Act [enacted Nov. 9, 1978], for the first sale of natural gas which was previously subject to an existing contract, whether or not there is an identity of parties or terms with those of such existing contract.”
