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Novation
A legal process by which an existing contract is replaced by a new contract, with the consent of all parties involved, often involving a change of parties or terms.
Statutory Assignment
The transfer of rights or interests in a particular matter as established by statute or legislative action.
Equitable Assignment
A method by which contractual rights are transferred from one party to another, in a manner recognized by equity or fairness, rather than strictly by the letter of the law.
Rectification
The judicial procedure for rectifying an error in a document to accurately represent the real intentions of the parties concerned.
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