Node Relativity Inherit Terms

This module allows admins to select a 'Parent' type from which all attached 'descendant' nodes will inherit vocabulary terms. The 'Parent' type obviously can only be one that is allowed to enter into node relativity relationships. The admin can also select which (or all) vocabularies will be inherited by descendant nodes and from which terms will be inherited.
Then, whenever a new child node is attached it will automatically inherit the parent node's selected vocabularies and terms. Also, when new terms are added to the parent node they will be passed down to descendants.
Please note that 'descendant' means all child nodes and children of children regardless of depth.