Legal Definitions - alternis vicibus

Alternis vicibus is a Latin legal phrase that translates to by turns or alternately. It describes a situation where rights, responsibilities, or privileges are exercised in a rotating or sequential manner by different parties, rather than being held exclusively by one party or exercised simultaneously.

Here are some examples to illustrate this concept:

• Shared Board Appointments: Consider a joint venture between two companies, Alpha Corp and Beta Inc., to develop a new technology. Their partnership agreement might stipulate that the chairperson of the joint venture's board of directors will be appointed alternis vicibus. This means Alpha Corp appoints the chairperson for the first two-year term, and then Beta Inc. appoints the chairperson for the subsequent two-year term, with the appointment power rotating between them in an agreed sequence. This ensures that leadership responsibility is shared by turns.

• Co-Ownership of Property: Imagine two siblings who jointly own a family vacation home. To ensure fairness and shared responsibility, they might agree that the primary responsibility for scheduling major repairs and managing rental income will be handled alternis vicibus. One sibling takes on these duties for the first calendar year, and the other sibling assumes them for the following year, and so on. This arrangement means the administrative burden rotates between them.

• Governmental Oversight: In a multi-jurisdictional regulatory body, the authority to conduct specific annual audits of regulated entities might be assigned alternis vicibus among the participating governmental agencies. For instance, Agency A conducts the audit in year one, Agency B in year two, and Agency C in year three, before the cycle repeats. This ensures that each agency has its turn in exercising the oversight function, distributing the workload and expertise.