"Novation" Example Sentences
1. The parties agreed to the novation of the original contract.
2. The novation brought substantial changes to the terms of the agreement.
3. The novation substituted a new party for an existing party in the contract.
4. The guarantor agreed to the novation and extension of the loan.
5. The contract underwent a novation when new conditions were added.
6. The creditor approved the debtor's request for a novation of the loan.
7. The lease underwent a novation when it was assigned to a new tenant.
8. The merger resulted in a novation of all existing contracts and agreements.
9. All conditions for a valid novation were met under contract law.
10. The novation modified key provisions of the previous employment contract.
11. The novation transformed the debt obligation in a material way.
12. The acquisition led to a novation of key supplier agreements.
13. The business was unable to obtain approval for the proposed novation.
14. The acquirer requested a novation of the target company's major contracts.
15. The original obligor was discharged as part of the novation.
16. The new contract effectively extinguished the previous agreement through novation.
17. The revised terms were in exchange for the novation of the old contract.
18. No additional consideration was needed to execute the novation.
19. The parties signed the amendment documenting the novation.
20. The novation released the former tenant from liability under the lease.
21. The novation allowed the corporation to assume the founder's intellectual property rights.
22. The tortfeasor requested a novation to release him from the original settlement terms.
23. The parties disagree on whether a valid novation took place.
24. The amendment operated as a novation by substituting a new borrower.
25. The novation occurred before performance under the original contract began.
26. The novation expanded the definition of covered goods in the supply agreement.
27. The novation substituted a new customer for the original customer in the contract.
28. The novation terminated the employee's previous contract upon hire.
29. All parties to the original agreement gave their consent to the novation.
30. The franchisor agreed to the novation of several franchise agreements.
Hope these examples help explain the usage of the word "novation!" Let me know if you have any other questions.
Common Phases
• The parties agreed to a
novation of the original contract.
• The
novation resulted in substantial changes to the terms of the agreement.
• The
novation substituted a new party in place of an existing party in the contract.
• The guarantor consented to the
novation and extension of the loan.
• The contract underwent a
novation with the addition of new conditions.
• The creditor approved the debtor's request for a
novation of the loan terms.
• The lease underwent a
novation upon assignment to a new tenant.
• The merger resulted in a
novation of existing contracts and agreements.
• The
novation materially modified key provisions of the previous contract.
• The
novation transformed the debt obligation.
• The acquisition led to a
novation of major supplier agreements.
• The business was unable to obtain approval for the proposed
novation.
• The new contract legally extinguished the previous one through
novation.
• The revised terms were exchanged for the
novation of the old contract.
• The amendment documented the
novation of the agreement.
Hope these phrases work for you! Let me know if you need any others.