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Was (wer) ist novation$53897$ - definition
MANUFACTURER OF ELECTRONIC MUSICAL EQUIPMENT
Novation Electronic Music Systems; UltraNova; Novation Base Station; Novation Bass Station
.png?width=200 "MiniNova (2012)")
novation
LEGAL CONCEPT OF SUBSTITUTING A NEW CONTRACT IN PLACE OF AN OLD ONE
Anti-Assignment Act
[n?(?)'ve??(?)n]
¦ noun Law the substitution of a new contract in place of an old one.
Derivatives
novate verb
Origin
C16: from late L. novatio(n-), from novare 'make new'.
novation
LEGAL CONCEPT OF SUBSTITUTING A NEW CONTRACT IN PLACE OF AN OLD ONE
Anti-Assignment Act
n. agreement of parties to a contract to substitute a new contract for the old one. It extinguishes (cancels) the old agreement. A novation is often used when the parties find that payments or performance cannot be made under the terms of the original agreement, or the debtor will be forced to default or go into bankruptcy unless the debt is restructured. While voluntary, a novation is often the only way any funds can be paid.
See also: accord and satisfaction
Novation
LEGAL CONCEPT OF SUBSTITUTING A NEW CONTRACT IN PLACE OF AN OLD ONE
Anti-Assignment Act
·noun Innovation.
II. Novation ·noun A substitution of a new debt for an old one; also, the remodeling of an old obligation.
Wikipedia
Novation Digital Music Systems
Novation Digital Music Systems Ltd. is a British musical equipment manufacturer, founded in 1992 by Ian Jannaway and Mark Thompson as Novation Electronic Music Systems. Today the company specializes in MIDI controllers with and without keyboards, both analog and virtual analog performance synthesizers, grid-based performance controllers, and audio interfaces. At present, Novation products are primarily manufactured in China.
