Examlex
According to Dunlap and Marshall, environmental problems are caused by
Novation
A legal process where an old debt, obligation, or contract is replaced by a new one, effectively extinguishing the original agreement and substituting it with a new party or terms.
Obligor
An Obligor is the party in a contractual agreement who is bound to provide a specified performance to another party, the obligee.
Obligee
The party in a contractual agreement who is owed a duty or obligation by another party, the obligor.
Third-Party Donee Beneficiary
A person who benefits from a contract between two other parties, although they are not one of the contract's signatories.
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