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DOC Novation Agreement Templates to Download in 2024

DOC Novation Agreement Templates to Download in 2024

Aug 6th, 2022

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How to DOC Novation Agreement Templates to Download in 2024

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In the purchase and sale agreement, include a clause that allows the seller to agree to novate the agreement to a third party. This means the seller consents to sign a new agreement with the third party under the same terms, with no objections allowed. When you find an investor, you will assign the agreement to them. You will then inform the seller that you have an investor ready to take over and that, according to the purchase and sale agreement, they are obligated to enter into a new agreement with this investor on the same terms.

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