Novations - English meaning
Novations – definitions in English dictionary
nounThe substitution of a new contract in place of an old one.
Usage examples:
The trial judge found that novation could not stand - he disregarded it.
nounA situation in which all the parties to a contract (= everyone involved in it) agree that a person named in the contract can be changed for another person, or agree to changes in its conditions
Usage examples:
The most important fact to note is that novation requires the consent or acceptance of all parties …
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Word origin
early 16th century: from late Latin novatio(n- ), from the verb novare ‘make new’.
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