Legal Definition
In a legal context, 'derived' refers to something that is obtained or produced from a source, often implying a derivative right, a product resulting from an original concept, or a consequence stemming from a primary action or agreement.
Plain-English Translation
Imagine you have a piece of paper (the original), and then you make a copy. The 'derived' part means that the new paper is created *from* the original paper, showing that the new paper is based on something that came before it.