22:35 Feb 6, 2009 |
Portuguese to English translations [Non-PRO] Law/Patents - Finance (general) / Finance | ||||
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| Selected response from: Kathryn Litherland United States Local time: 22:44 | |||
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Summary of answers provided | ||||
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5 | without intent to effect a novation |
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3 | with no intention of renewing (it) |
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with no intention of renewing (it) Explanation: |
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without intent to effect a novation Explanation: http://en.wikipedia.org/wiki/Novation Novation/novação is a very specific sort of renewal in contract law: "Novation is a term used in contract law and business law to describe the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party. In contrast to an assignment, a novation must be agreed upon by all the parties to the original agreement." " Under Article 2726, an amendment to a provision of a lease “that is made without the intent to effect a novation does not create a new lease.” www.neworleansbar.org/documents/NewLeaseArticles.DOC |
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