Overview

novation


Show Summary Details

Quick Reference

(Latin novare, to make new)

A term used to describe the agreed substitution of a new contract or contracting party for an old one. Rescission of the old contract forms consideration for entering into the new contract.

[...]

Subjects: Economics — Law.


Reference entries

See all related reference entries in Oxford Index »


Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.