What are Novation Agreements? (with 5 examples)

novationNovation agreements are used when a new contract replaces an old one. Novations carry certain features that make them distinct from other types of similar agreements, namely in that the original debtor will be completely released from their obligation; said obligation is then transferred to a new party. There are many variations to novations because the transactions are dependent on the specific agreement between the parties. It is recommended to read through several different types of novations to become accustomed to the language and structure of these agreements. A membership with RealDealDocs will allow you to do this quickly and easily.

Here are 5 novation agreements currently available on RealDealDocs.com:

 

1) Novation Agreement

ACACIA DIVERSIFIED HOLDINGS, INC.

Acacia Chattanooga Vehicle Auction, Inc

CAA Liquidation, LLC

Chattanooga Auto Auction Limited Liability Company

Chattanooga Auto Auction, Inc

 

2) PURCHASE AGREEMENT NOVATION & AMENDMENT NO. 3710

 AIR LEASE CORP

Air Lease Corporation

Boeing Company

Vietnam Aircraft Leasing Joint Stock Company

 

3) LEASE NOVATION AGREEMENT

 AIRCASTLE LTD

SOUTH AFRICAN AIRWAYS (PTY) LTD

WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION

 

4) ASSIGNMENT AND NOVATION AGREEMENT

 SHIRE LTD.

JPMorgan Chase Bank, NA

 

5) Novation Agreement

 AFFILIATE INVESTMENT, INC.

FORTIS BANK SA

International Swaps and Derivatives Association, Inc

QVC INC

 

 

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