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Password Protect Novation Agreement

Password Protect Novation Agreement

Aug 6th, 2022

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Simple guide on how to Password Protect Novation Agreement

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How to Password Protect Novation Agreement

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48 votes

In the purchase and sale agreement, include a clause stating that the seller consents to novate the agreement to a third party, obligating them to accept this change without objection. This allows you to assign the contract to an investor once identified. You will inform the seller that you are assigning the agreement to the investor, and per the original agreement, the seller must enter into a new purchase and sale agreement with the investor on the same terms. This clause ensures a smooth transfer of obligations and protects your right to assign the agreement.

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