zmiana podmiotowa
English translation: party substitution
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| 11:27 Dec 9, 2010 |
| Polish to English translations [PRO] Law/Patents - Law (general) | |||||||
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|  Selected response from: Polangmar Poland Local time: 01:46 | ||||||
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| 4 | party substitution |
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Answers
6 hrs confidence: 
party substitution Explanation: A novation is an agreement that effectively substitutes a new party for one or more parties to a contract. The original contract remains in effect and requires the same performance, but a new party undertakes the original party's contractual role. http://www.ehow.com/about_6388913_novation-agreement-work_.h... A novation is the substitution of a party to a contract, resulting in a new contract with one of the original parties and one new one. The requirements of a novation are: 1) A previous valid obligation 2) An agreement of all the parties to a new contract http://www.pstcc.edu/departments/lat/classes/2300/notes/chap... |
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