Examlex
What are the factors to be considered by managers when making a make, buy, or rent decision to satisfy the IT needs of their firms?
Novation
The act of replacing one obligation with another, which involves a new party or a new agreement and extinguishes the original contract.
Substitute Contract
A legal agreement that replaces a previously made contract, either rectifying it or substituting parties or terms in the contract.
Original Obligor
The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.
Obligee
The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.
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