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.

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2 USER’S GUIDE TO THE 2004 ISDA NOVATION DEFINITIONS 1. What is Novation? In a novation, with the consent of all parties, one contract is entered into in

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Brief definitions of obscure words starting with the letter N

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Novation. The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement.

Novation, in contract law and business law, is the act of either: replacing an obligation to perform with another obligation; or; adding an obligation to perform; or

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