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For example, if there exists a contract whereby Dan will give a TV to Alex, and another contract whereby Alex will give a TV to Becky, then, it is possible to novate both contracts and replace them with a single contract wherein Dan agrees to give a TV to Becky. In contrast to assignment, novation requires the consent of all parties.
Novatianism or Novationism [1] was an early Christian sect devoted to the theologian Novatian (c. 200–258) that held a strict view that refused readmission to communion of lapsi (those baptized Christians who had denied their faith or performed the formalities of a ritual sacrifice to the pagan gods under the pressures of the persecution sanctioned by Emperor Decius in AD 250).
Once a trade has been executed by two counterparties, it is submitted to a clearing house, which then steps between the two original traders' clearing firms and assumes the legal counterparty risk for the trade. For example, a trade between member firm A and firm B becomes two trades: A-CCP and CCP-B. This process is called novation.
Novatian (Greek: Νοβατιανός, Latin: Novatianus, c. 200 – c. 258) was a scholar, priest, and theologian.He is considered by the Catholic Church to have been an antipope between 251 and 258. [1]
VHA and UHC (University HealthSystem Consortium) owned a supply chain company called Novation and aptitude(R), the industry's first online direct market for local contracting. VHA also owned Provista , the enterprise's supply chain company serving the non-acute market as well as government, education, and business sectors.
Novation Digital Music Systems Ltd. is a British musical equipment manufacturer, founded in 1992 by Ian Jannaway and Mark Thompson as Novation Electronic Music Systems. Today the company specializes in MIDI controllers with and without keyboards , both analog and virtual analog performance synthesizers , grid-based performance controllers, and ...
A novated lease is a motor vehicle lease which has been novated, that is, the obligations in the contract have been transferred from one party to another.. A lease is novated with a three way agreement (Deed of novation) between the lessee, the lessor (usually a finance company), and a third party, under which all parties agree that the third party will take on some or all of the lessee's ...
The Novation Launchpad is an electronic music multi-button controller for the popular live control application Ableton Live, [1] featuring a grid of 64 (8x8) brightly ...