Examlex
Convert the following structure into a bond-line drawing.
Novation
The act of replacing an old obligation with a new one, substituting a new party into an existing agreement or completely replacing the original contract.
Accord And Satisfaction
A legal contract wherein parties agree to settle a dispute by accepting terms that differ from the original obligation.
Novation
The act of replacing an existing obligation with a new one, thereby extinguishing the original obligation.
Substituted Contract
This is a legal agreement replacing an earlier contract, agreed upon by all parties involved, and discharging the original contractual obligations.
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