e) A third party may be substituted for one of the original contracting parties through the process of novation.
Question
Solution 1
Yes, that's correct. Novation is a legal process in which an existing contract is replaced by a new one. Here are the steps involved:
- All parties involved must agree: The original contracting parties and the third party must all agree to the novation. This agreement can be verbal or in writing, Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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