Legal - Concept
Novation
Replacing a party or obligation in a contract with a new one through an agreed legal arrangement
What's it for?
Allows a contractual relationship to move to a new party when transferring rights alone would not be enough
Legal - Concept
Replacing a party or obligation in a contract with a new one through an agreed legal arrangement
Allows a contractual relationship to move to a new party when transferring rights alone would not be enough