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contract of novation

См. также в других словарях:

  • novation — no·va·tion /nō vā shən/ n [Late Latin novatio renewal, legal novation, from Latin novare to make new, from novus new]: the substitution by mutual agreement of one obligation for another with or without a change of parties and with the intent to… …   Law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • novation — [nō vā′shən] n. [LL novatio < L novare, to make new < novus, NEW] Law the substitution of a new obligation or contract for an old one by the mutual agreement of all parties concerned …   English World dictionary

  • novation contract — contract which is used as a substitute for the original contract …   English contemporary dictionary

  • Novation — This article is about the legal term. For the keyboard manufacturer, see Novation Digital Music Systems. For the former modem manufacturer, see Novation CAT. For the Fringe television episode, see Novation (Fringe) …   Wikipedia

  • novation — (1) The substitution of an existing debt with a newer debt. (2) An agreement to substitute an existing party to a contract with a new party. All of the original parties to the contract must agree to the substitution. American Banker Glossary… …   Financial and business terms

  • Novation — Defeasance whereby the firm s debt is canceled. The New York Times Financial Glossary * * * novation no‧va‧tion [nəʊˈveɪʆn ǁ noʊ ] noun [countable, uncountable] LAW when there is a change of one or more of the people or organizations that have… …   Financial and business terms

  • novation — A type of substituted contract that has the effect of adding a party, either as obligor or obligee, who was not a party to the original duty. Substitution of a new contract, debt, or obligation for an existing one, between the same or different… …   Black's law dictionary

  • novation — A type of substituted contract that has the effect of adding a party, either as obligor or obligee, who was not a party to the original duty. Substitution of a new contract, debt, or obligation for an existing one, between the same or different… …   Black's law dictionary

  • Contract — law …   Wikipedia

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

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