Novation - definition, pronunciation, transcription
Amer.
|nəʊˈveɪʃən|
Brit.
|nə(ʊ)ˈveɪʃ(ə)n|
noun
- (law) the replacement of one obligation by another by mutual agreement of both parties; usually the replacement of one of the original parties to a contract with the consent of the remaining party
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