15/10/2026
Words are essential tools in law! Legal language is incredibly important.
Sometimes words are only relevant to law (they have no other meaning elsewhere). Other times very common terms take on a different meaning altogether when used in law.
This week’s is the term “Novation.”
SWIPE for the definition 👉🏻
Unlike an assignment, which generally transfers certain rights under a contract, novation replaces the original agreement with a new one and requires the consent of all relevant parties.
For businesses, this can be important when transferring contractual obligations as part of a business sale, restructuring or change in supplier arrangements.
If you need advice on a commercial contract, we can help. Contact us on [email protected]