Contract Substitution

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January 1, 1 6 min read Definitions
Novation
Novation Contract Substitution Real Estate Transactions Debt Assignment Legal Agreements Mortgage Assumption Release From Liability Property Transfers
Novation is a three-party agreement that releases one party from a contract and substitutes another party. It is also the substitution of one contract for another, with acceptance by all parties.
Read more about Novation.

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