Novation (Transfer of Ownership) Process Steps

See the attached document for details.

A novation is the replacement of one of the parties in a two-party agreement. To novate is to replace an old obligation with a new one. 

Novations are frequently used when a business is sold, or a corporation is taken over. 

There are two ways this can be accomplished in ASPIRE, both are outlined in the attached document. 

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