Novation
Definition 1 The substitution of a new Contract for an old one; or the substitution of one Party in a Contract with another party. Definition 2 The replacement of existing Debt or Obligation with a new one.
Definition 1 The substitution of a new Contract for an old one; or the substitution of one Party in a Contract with another party. Definition 2 The replacement of existing Debt or Obligation with a new one.