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Canadian Legal Forms > Assignments & Novations > Novation Agreement

Novation Agreement

Agreement between a new debtor corporation, an older debtor corporation and a creditor. In this Novation Agreement the new debtor agrees to pay the debts that the old debtor owes to the creditor. In return, the creditor releases the old debtor from any further obligations to it.

See form: Novation Agreement

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

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