Grandfather Law?

Answer

A grandfather law is an exemption of some certain entities and people from engaging in an activity that has been ruled illegal by certain legislators. For example, if you were in compliance with the law that was previously in place, you are more than likely a candidate for a grandfather law exemption, depending on how lenient your local legislators are. If the new law directly affects your business and profits, then that may be another reason to have a grandfather law invoked on your behalf.
Q&A Related to "Grandfather Law?"
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Explore this Topic
A grandfather law is an exemption of some certain entities and people from engaging in an activity that has been ruled illegal by certain legislators. For example ...
Laws often change; when they do, sometimes matters which were settled before the change in law remain unaffected, or are "grandfathered" in. In this ...
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