Novate example sentences

1. The bank will novate the loan to better terms.
2. They want to novate the old contract with a new one.

1. When you novate a contract, you replace the old agreement with a new one.
2. The company decided to novate its supplier agreement because the old one wasn't working.

1. If we novate the lease now, we might be able to negotiate lower rent for next year.
2. She was nervous about letting them novate the agreement without understanding all the implications.

1. The creditor's refusal to novate left them with no choice but to default on the original terms.
2. Between the legal complexity and the cost, deciding whether to novate was agonizing.

1. What many borrowers fail to grasp is that to novate a debt fundamentally alters the legal relationship between parties.
2. The firm's decision to novate rather than litigate reflected a pragmatic assessment of their weakened position.

1. There's a particular kind of relief that comes with successfully negotiating to novate — the old burden simply ceases to exist, replaced by something theoretically more bearable.
2. He understood, perhaps better than his advisors, that the power to novate lay not in the legal mechanism itself but in the leverage one brought to the negotiating table.

🏠 Everyday Life

1. My neighbor had to novate his mortgage when interest rates dropped, and the paperwork was endless.
2. She mentioned casually that they were going to novate their car loan, like it was no big deal.

💼 Workplace

1. The finance team spent all morning explaining why we needed to novate the vendor contract.
2. Our manager asked if we could novate the existing agreement with the IT company — apparently they were overcharging us.

📊 Business

1. The acquisition required us to novate all existing supplier contracts into the new corporate structure.
2. Our strategy was to novate the debt at a lower interest rate before the market shifted.

🛒 Buying / Shopping

1. When I tried to novate my phone contract early, they hit me with a cancellation fee.
2. The dealer said we could novate the lease if we upgraded to a newer model.

✈️ Travel

1. The travel company offered to novate our hotel reservation to different dates without penalty.
2. We had to novate our flight booking three times because of the pandemic.

📚 Education

1. The university allowed students to novate their payment plans if they faced financial hardship.
2. The professor explained how contracts novate in the real world, using examples from her consulting work.

❤️ Relationships

1. When they divorced, they had to novate the joint mortgage into two separate agreements.
2. He felt betrayed when she wanted to novate the terms of their business partnership after their breakup.

📰 News / Politics

1. The government announced plans to novate existing trade agreements with neighboring countries.
2. Critics argued that the decision to novate the environmental contract was a step backward.

💻 Technology

1. The software licensing agreement allowed us to novate our subscription to a cloud-based model.
2. The startup had to novate its data-sharing agreements after the privacy scandal.

📝 Formal Writing

1. Under Section 4.2, either party may request to novate the terms of this agreement with written notice.
2. The study examined the frequency with which commercial entities choose to novate rather than terminate existing contracts.