novation

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novation

A term used in contract and business law to describe the act of either replacing an “obligation to perform” with a new obligation, or replacing a party to an agreement with a new party. In the NHS, novation translates as the transfer of contract ownership and associated contractual obligations from one NHS organisation to another.
References in periodicals archive ?
The company has almost 80 offices in 40 countries throughout the Americas, Asia Pacific, Europe, the Middle East and Africa.Country: USASector: Business and Consumer ServicesTarget: Global Novations LLCBuyer: Korn/Ferry InternationalVendor: New MainStream Capital LLCType: Corporate acquisitionStatus: Closed
Novation Prima[R] 340 functional native starch can be used in foods such as quiches, cheesecakes and instant mayonnaises or dressings to keep their indulgent texture whilst undergoing extended ambient, refrigerated or frozen storage.
National Starch Food Innovation has expanded its award-winning Novation functional native starch portfolio with the addition of Novation 6260.