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单词 novation agreement
释义

novation agreement

Definition
Legal instrument that formalizes an arrangement to substitute one party for another in a contract. See also novation.

Use 'novation agreement' in a Sentence

The novation agreement was in place and I knew that everyone would be okay in the long run with it.
When the CEO passed away suddenly, his son was relieved that they had a novation agreement on file that would ensure the company's assets and direction would be deferred to him without question.
My lawyer drew up a novation agreement that allows me to subsitute for my business partner at anytime when we are dealing with State Farm.
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更新时间:2025/5/9 2:00:32