Process
NOVATION
Definition
Novation Agreement (FAR 42.12) transfers a contractor's rights and obligations under a contract to a successor (typically due to merger, acquisition, or sale). Requires CO approval and a formal novation agreement.
Related Terms
Find NOVATION-related opportunities
Search active federal contracts and solicitations related to NOVATION on Bureauify.
100M+ government records · 300+ gov/news sources · Updated hourly