One party wants one of its other subsids to be the party to the contract...I can never work out the simplest way to do this...novation? assignment? Novate if you need to move both the benefit and burden. 0 Vote up! Scrub out the old name in red and add the new name in blue. Or novate. 0 Vote up! Novation is what I usually do if all obligs/ rights will be passed to the new party 0 Vote up! Ask a lawyer 1 Vote up! OR do a variation between the 2 original parties and add in to that the third party and what they will do/ get under the orig contract/ make them a party to the orig contract 0 Vote up! chiz 0 Vote up! Refresh Back to board Join the discussion Login Register 0 Vote up!
OR do a variation between the 2 original parties and add in to that the third party and what they will do/ get under the orig contract/ make them a party to the orig contract 0 Vote up!
Novate if you need to move both the benefit and burden.
Scrub out the old name in red and add the new name in blue.
Or novate.
Novation is what I usually do if all obligs/ rights will be passed to the new party
Ask a lawyer
OR do a variation between the 2 original parties and add in to that the third party and what they will do/ get under the orig contract/ make them a party to the orig contract
chiz
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