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Novation

Novation

Another classic example is where Company A enters a contract with Company B and a novation is included to ensure that if Company B sells, merges or transfers the core of their business to another company, the new company assumes the obligations and liabilities that Company B has with Company A under the contract. So in terms of the contract, a purchaser, merging party or transferee of Company B steps into the shoes of Company B with respect to its obligations to Company A. Alternatively, a "novation agreement" may be signed after the original contract in the event of such a change. This is common in contracts with governmental entities; an example being under the United States Anti-Assignment Act, the governmental entity that originally issued the contract must agree to such a transfer or it is automatically invalid by law.

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  1. Novation // Start Making - House

Novation Launchpad Sleeve, Style May Vary
By Novation
$19.99
2 Sellers
0 0
Novation Bass Station II Analog Mono-Synth
By Novation
$399.99
4 Sellers
0 0
Novation - Launchkey 25 Key USB MIDI Controller Keyboard,
By NOVATION
$99.99
4 Sellers
0 0
Novation Ultranova Synthesizer
By Novation
$560.03
3 Sellers
0 0
Novation Dicer Cue Point Controller w Dicer Case Bundle
By Novation
$137.98
2 Sellers
0 0
Novation Launchpad S 64-Button Ableton Controller
By Novation
$131.99
2 Sellers
0 0
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