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.”

Machine Briefs:
Option #1: novation= NOFGS
Option #2: novation= NOE/VA*IGS

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Posted October 29, 2013 by Elsie Villega in category "Briefs", "Legal", "Vocabulary

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