What is the difference between contract assignment and novation?

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Rainmaker
1,634,909

Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP

Big Block LPT Realty 858.232.8722 - La Jolla, CA

Serving Coastal San Diego,Veteran's & Retirees

Jun 10, 2019 10:38 PM

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5

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Sandy Padula & Norm Pa...

, CA
Nina Hollander, Broker

Charlotte, NC
Thomas J. Nelson, REAL...

La Jolla, CA

Rainmaker
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Roy Kelley

Retired - Gaithersburg, MD

Like assignment, novation transfers the benefits under a contract but unlikeassignment, novation transfers the burden under a contract as well. ... Novation does not cancel past rights and obligations under the original contract, although the parties can agree to novate these as well.

Assignment and novation - Out-Law.com

https://www.out-law.com/en/topics/projects...contracts/assignment-and-novation/

Jun 11, 2019 03:53 AM

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4

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Bob Crane

Stevens Point, WI
Nina Hollander, Broker

Charlotte, NC

Rainmaker
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Doug Dawes

Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA

Your Personal Realtor®

I bet your book provides those answers but thanks for thinking of us

Jun 11, 2019 05:16 AM

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3

Debe Maxwell, CRS

Charlotte, NC
Anthony Acosta - ALLAT...

Atlanta, GA
Doug Dawes

Topsfield, MA

Rainmaker
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Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Check Google.

Jun 11, 2019 03:04 AM

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3

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
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Richard Weeks

Dallas, TX

REALTOR®, Broker

Deja vu all over again.

Jun 11, 2019 02:38 AM

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3

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
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Valeria Mola

SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL

305-607-0709 SIB Realty Condos for Sale and Rent

I just wonder, where did you get all those questions?

Jun 10, 2019 08:46 PM

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3

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
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Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

Good luck with your studies.

Jun 10, 2019 07:36 PM

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3

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
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Bob "RealMan" Timm

Ward County Notary Services - Minot, ND

Owner of Ward Co Notary Services retired RE Broker

This question has been asked and answered many times. Why not look it up.

Jun 10, 2019 07:27 PM

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3

Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

The record is skipping again, push the needle

Jun 11, 2019 04:10 AM

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Debe Maxwell, CRS

Charlotte, NC
Doug Dawes

Topsfield, MA

Rainmaker
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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

This was asked and answered in detail just the other week... and that wasn't the first time. I suggest you check out the archives.

Jun 11, 2019 04:02 AM

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Doug Dawes

Topsfield, MA
Anthony Acosta - ALLAT...

Atlanta, GA

Ambassador
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Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Yep, déjà vu!

Jun 11, 2019 07:58 PM

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1

John Pusa

Glendale, CA

Rainmaker
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John Pusa

Glendale, CA

Very good responses already.

Jun 11, 2019 02:29 PM

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1

Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Use the google

Jun 11, 2019 10:58 AM

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1

Debe Maxwell, CRS

Charlotte, NC

Ambassador
3,443,650

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

I wish you all the best with your real estate studies.

Jun 11, 2019 08:03 AM

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Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Utah needs to revoke the license for the school offering the online non-support course!

Jun 11, 2019 05:24 AM

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Debe Maxwell, CRS

Charlotte, NC

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Roy is an attny and answers this well.

Jun 11, 2019 05:19 AM

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Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Good luck with your studies.

Jun 25, 2019 04:09 PM

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Rainmaker
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John Juarez

The Medford Real Estate Team - Fremont, CA

ePRO, SRES, GRI, PMN

I have never, in 20 years, dealt with either.

Jun 12, 2019 02:19 PM

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Rainer
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Byron K . Jones

Coatesville, PA

List Today - Sold Tomorrow!

yes

Jun 11, 2019 09:02 AM

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Rainmaker
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Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Already asked and answered.

Jun 11, 2019 06:58 AM

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Rainmaker
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Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

new one replacing old one.

Jun 11, 2019 06:42 AM

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Rainmaker
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Barbara Todaro

Retired...Mentoring Newbies - Franklin, MA

Previously Affiliated with The Todaro Team

are you stuttering?

Jun 11, 2019 05:37 AM

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Like assignment, novation transfers the benefits under a contract but unlikeassignment, novation transfers the burden under a contract as well. ... Novation does not cancel past rights and obligations under the original contract, although the parties can agree to novate these as well.

Assignment and novation - Out-Law.com

https://www.out-law.com/en/topics/projects...contracts/assignment-and-novation/
I bet your book provides those answers but thanks for thinking of us
This question has been asked and answered many times. Why not look it up.
This was asked and answered in detail just the other week... and that wasn't the first time. I suggest you check out the archives.
Utah needs to revoke the license for the school offering the online non-support course!