Novation in engineering and construction projects

more+
less-
more+
less-

Assignment and novation are important legal topics withreal ramifications for parties if they are not dealt withproperly. The idea behind them is simple and easier to grasp when having an understanding of the way in whichthey work.

NOVATION -

Novation is an important feature of engineering and construction projects, particularly in relation to design and build procurement. The novation of the design consultants' appointments to the main building contractor is a common example. Novation must be executed properly and achieved correctly; if this does not happen, the effect can be the loss of a party's legal rights altogether.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Construction Contracts, Novation

Published In: General Business Updates, Construction Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© DLA Piper | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »