novation of contract

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Novation, in contract law and business law, is the act of:

replacing an obligation to perform with another obligation; or
adding an obligation to perform; or
replacing a party to an agreement with a new party.

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  1. J

    VIC Employee Decision on Novation of Contract?

    Firstly, want to thank all on this forum because your ideas and suggestions helped a lot! My company is a multinational big company and I have been working for its Australian entity as a standard permanent staff from 2015. Earlier this year, the company decided to sell our business line...