:''This article is on the legal term; for the company, see Novation Electronic Music Systems.'' Novation is a term used in contract law and business law to describe the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party. A novation must be agreed upon by all original parties to the original agreement. In business, novation is typically the process by which a newly formed corporation assumes the pre-incorporation liabilities incurred by its founders. Contract law Business law
This is a stub, not a dicdef - article needs much expansion, and there is much to be added. -- BDAbramson">User:BDAbramson User talk:BDAbramson 02:01, 2005 Jun 11 (UTC)
See other meanings of words starting from letter:
Words begining with Novation:
Novation
Novation
Novation_Electronic_Music_Systems
Novation
:''This article is on the legal term; for the company, see Novation Electronic Music Systems.'' Novation is a term used in contract law and business law to describe the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party. A novation must be agreed upon by all original parties to the original agreement. In business, novation is typically the process by which a newly formed corporation assumes the pre-incorporation liabilities incurred by its founders. Contract law Business law
Novation
This is a stub, not a dicdef - article needs much expansion, and there is much to be added. -- BDAbramson">User:BDAbramson User talk:BDAbramson 02:01, 2005 Jun 11 (UTC)
See other meanings of words starting from letter:
N
NA | NB | NC | ND | NE | NF | NG | NH | NI | NJ | NK | NL | NM | NO | NP | NR | NS | NT | NU | NW | NX | NY | NZ |Words begining with Novation:
Novation
Novation
Novation_Electronic_Music_Systems
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