What Is a Novation?

Answer Novation exists as a legitimate idea in the realm of contract law. Although not a common term in general, there are some sectors of finance that use this.IdentificationNovation occurs when you exch... Read More »

Top Q&A For: What Is a Novation

What is a deed of novation?

A deed of novation is a document that cancels an old contract and substitutes a new one. It is used when the debtor can no longer make payments as originally agreed unless the debt is restructured,... Read More »

What is a novation request?

A novation request is a written statement or letter drafted by one company or organization to one or more companies or organizations, with which the writing company has some type of contract. The n... Read More »

What is meant by novation of contracts for funds?

A novation of contract for funds occurs when someone assumes the obligation to pay the debt for the person originally named in a contract as the debtor. This totally releases the person named on t... Read More »

Novation Launchpad S?

Mick, try asking this over in the computer section. Good luck!