英语词汇“novation agreement”的翻译、意思、用法、释义-英汉经管词典

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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novation agreement