# Novation

**IRI:** https://folio.openlegalstandard.org/R8KVtqeb8Oo0tlksHlVNV9n

## Labels

**Translations:**

- de-de: Novation
- en-gb: Novation
- es-es: Novación
- es-mx: Novación
- fr-fr: Novation
- he-il: נובציה
- hi-in: नोवेशन
- ja-jp: ノベーション
- pt-br: Novação
- zh-cn: 转让

## Definition

The concept of Novation refers to the substitution of a new contract or obligation for an existing one, with the mutual agreement of all parties involved, resulting in the discharge of the original obligation.

## Sub Class Of

- https://folio.openlegalstandard.org/R9UXMB7LO35e1n0zwV2MVmh
- https://folio.openlegalstandard.org/RCzs34uEQI9f4cuWp3bQO0P

## See Also

- https://folio.openlegalstandard.org/RZ1dOPJ6HH6lMJGSLNxfwV

**Deprecated:** False