October 29
                        2013
                     
      Legal Vocabulary: Novation
 Novation is defined “agreement of parties to a contract to substitute a new contract for the old one. It cancels the old agreement.”
Novation is defined “agreement of parties to a contract to substitute a new contract for the old one. It cancels the old agreement.”
Machine Briefs:
Option #1: novation= NOFGS
Option #2: novation= NOE/VA*IGS
 
			
			





