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Novation শব্দের বাংলা অর্থ: নবপ্রবর্তন
Novation Meaning In Bengali নবপ্রবর্তন
Novation
নবপ্রবর্তন,
Definition
1) Novation: the act of replacing an old obligation with a new one, or of substituting one party for another in a contract.
2) Novation: a legal agreement that releases one party from their obligations under a contract and transfers those obligations to a new party, with the consent of all involved.
3) Novation: the process of transferring a debt, agreement, or contract from one person or entity to another, with the agreement of all parties involved.
Examples
Novation Example in a sentence
1) The novation of the contract allowed the new company to take over the obligations of the original agreement.
2) The novation agreement transferred the rights and responsibilities from one party to another.
3) A novation can occur when a new tenant takes over a lease from the previous tenant.
4) The novation of the partnership agreement required all parties to agree to the changes.
5) The novation of the loan agreement required approval from all parties involved.
6) The novation of the software license allowed the new company to access and use the program.
7) The novation of the mortgage transferred ownership of the property to a new borrower.
8) A novation can be a complex legal process that involves careful documentation.
9) The novation of the insurance policy ensured that coverage would continue under new terms.
10) The novation of the service contract required renegotiation of terms and conditions.
Part of Speech
Novation (Noun)
Encyclopedia
Novation: the act of replacing an old obligation with a new one, or of substituting one party for another in a contract.
Novation: a legal agreement that releases one party from their obligations under a contract and transfers those obligations to a new party, with the consent of all involved.
Novation: the process of transferring a debt, agreement, or contract from one person or entity to another, with the agreement of all parties involved.
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