Webdefinition. Novation Period has the meaning set forth in Section 5.10 (b). Novation Period means a one- year period commencing on the Novation Date. Novation Period as used herein shall include the Novation Periods for all Novation Assets which are the subject of any additional Novation Agreements, in each case, as the context requires. WebNovation, in contract law and business law, is the act of –. replacing an obligation to perform with another obligation; or. adding an obligation to perform; or. replacing a party to an agreement with a new party. Also see "Novation" on Wikipedia.
Legal Dictionary Law.com
Webnovation ( nəʊˈveɪʃən) n 1. (Law) law the substitution of a new obligation for an old one by mutual agreement between the parties, esp of one debtor or creditor for another 2. an obsolete word for innovation [C16: from Late Latin novātio a … Webnovation. n. [Bus.] n. [Bus.] L'acceptation de lettres de change n'emporte ni dérogation ni novation. Acceptance of bills of exchange carry neither derogation nor novation. Tout autre mode de paiement accepté n'opère pas novation. Any other accepted means of payment does not effect novation. diagonal shelves for scroll
NOVATION English meaning - Cambridge Dictionary
WebNovation is a contract, consisting of two stipulations, one to extinguish an existing obligation; the other to substitute a new one in its place. Civ. Code La. art. 2185. The term … Web1. A method of rewarding a contractor for completing a project as quickly as possible. By providing a cost for each working day, the contract combines the cost to perform the work (“A” component) with the cost of the impact to the public (“B” component) to provide the lowest cost to the public. Webnovation - Traduzione del vocabolo e dei suoi composti, e discussioni del forum. WordReference.com Dizionari di lingua online. English-Italian Dictionary novation. diagonal shortcut