Tag Archives: novation

Novation of contract

What is Novation of contract? A contract can be discharged by the parties either by entering into a new contract in substitution of the old contract or by acceptance of performance of modified obligations in lieu of obligations stipulated in … Continue reading

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Termination of Contract

Contracts are entered into by parties with an intention to bind together in a legal obligation and thereby to serve the interest of the parties.  The parties, in order to govern themselves and to safeguard their interest, make their own … Continue reading

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