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 ?
Novations Learning Technologies (NLT) provides software and services to help businesses improve their performance and productivity through employee assessment, workforce education, certification and compliance testing, and improved communications with customers and partners.
Novations Vertical Market Solutions (VMS) retail practice is a leading provider of employee training to U.
6 billion is a result of an increase in goodwill from the Novations acquisition.
companies under the umbrella of parent company Novations Group Inc.
Novation's Innovative Technology Program helps Novation to team up with member councils and task forces to discover and evaluate new or innovative technology which offers an incremental clinical benefit over existing products.
Braun DUPLEX Drug Delivery System was initially submitted through the Novation Technology Forum that was designed to ensure that VHA and UHC members have access to information on new and potentially innovative health care technology.
Dan Sweeney, vice president contract and program services for Novation, said, "We're excited to work with ALARIS and the MEDLEY technology to deliver a comprehensive medication error prevention solution that will enable hospitals to provide high levels of safety and care for patients throughout the VHA Membership.
The Novation contract covers the Immulite(R) portfolio of immunochemistry diagnostic systems and tests.