Word Count : 311

---

Novation is a concept in business law that refers to the replacement of an existing contract with a new one, either by substituting a new party, changing the terms of the contract, or both, while extinguishing the original obligation. In a novation, the original contract is discharged, and a fresh contract comes into existence, which is legally enforceable. This ensures that the _______ ____ ___ _______ ________ __________ _____ ______ ___ ________ _____ ____.
_______ __________ _________ ______ __________.
_________ _____ ________ ____ _______.
_______ ____ ___ ________ _____ ________ _____ _______ ______ ___.
____ _______ _________ ___ _______ _____ _________ ___ ________.
____ ________ __________ _____ ______ ________ _________ ________ ________ __________.
__________ ____ ______ ______ _______.
_________ _____ __________ __________ ________ _______ ___ _____ ______ __________ __________ ______.
______ ________ ______ __________ _______ _____ _____ ___ __________ _______.
_______ _______ _______ __________ _______ __________ ________ _________.
___ ____ _________ __________ _______ ___ _____ ______ ___ _______ _______.
________ ________ ________ ______ ____ ___ _______.
_________ ______ _______ ________ ____ ____ _____ ________ ___ _________ ______.
_______ _____ ____ _________ ________ __________ ______ __________ ___.
_______ _________ ________ ______ ____ ___ _________ _________ __________.
____ _________ _________ ________ __________ ___ ____ _______.
___ __________ _____ _____ _______ ______ ________.
____ ___ ___ __________ _______ ____ ________ _____ _____.
_________ ____ ___ _______ ________ ____ ______ __________ ________ _______.
___ ______ _______ _____ ___ _______ ____ ________ _________ ___ ________ ________.
_____ ___ __________ _____ _______ ____ _________ ________ ______ ___ _______ ___.
__________ _____ ____ _________ _________ ____.
___ ________ _____ ____ _____.
________ __________ _____ __________ ________ _______ ___ _________ __________ _________.
____ _______ _____ _________ _______ ________.
_____ _____ _________ ____ ____.
_____ _________ _______ _____ _____ ___ _____ _____ _______ _____ ______ ________.
________ ______ ______ _____ ________ ____.
________ _______ ______ _____ _____ ___.
________ _____.
Get Full Answer on WhatsApp