What is the definition of Novation agreement? | Dictionary.net

NOVATION AGREEMENT

\nəvˈe͡ɪʃən ɐɡɹˈiːmənt], \nəvˈe‍ɪʃən ɐɡɹˈiːmənt], \n_ə_v_ˈeɪ_ʃ_ə_n ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\

Definitions of NOVATION AGREEMENT

1910 - Black's Law Dictionary (2nd edition)

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The substitution or swap of two parties in a contractual agreement is formalized through the use of the novation agreement.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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