What are Novation Agreements? (with 5 examples)

novationNovation agreements are used when a new contract replaces an old one. 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.

Novations carry certain features which 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.

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

 

Novation Agreement

  • ACACIA DIVERSIFIED HOLDINGS, INC.
  • Acacia Chattanooga Vehicle Auction, Inc
  • CAA Liquidation, LLC
  • Chattanooga Auto Auction Limited Liability Company
  • Chattanooga Auto Auction, Inc

 

Purchase Agreement Novation & Amendment NO. 3710

  • AIR LEASE CORP
  • Air Lease Corporation
  • Boeing Company
  • Vietnam Aircraft Leasing Joint Stock Company

Lease Novation Agreement

  • AIRCASTLE LTD
  • SOUTH AFRICAN AIRWAYS (PTY) LTD
  • WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION

Assignment and Novation Agreement

  •  SHIRE LTD.
  • JPMorgan Chase Bank, NA

Novation Agreement

  • AFFILIATE INVESTMENT, INC.
  • FORTIS BANK SA
  • International Swaps and Derivatives Association, Inc
  • QVC INC

 

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