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Canadian Legal Forms > Assignments & Novations > Novation Agreement - Parent and Subsidiary

Novation Agreement - Parent and Subsidiary

Agreement between a parent corporation, a subsidary corporation and a creditor. In this Novation Agreement the parent agrees to pay the debts that the subsidary owes to the creditor. In return, the creditor releases the subsidary from any further obligations to it.

See form: Novation Agreement - Parent and Subsidiary

Note: Some forms not suitable for use in the province of Quebec. Check form details.

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