Novation can be used to transfer all rights and obligations under a contract from one party to another. This can be useful when one party wants to get out of the contract, or when the contract needs to be assigned to a new party. Novation can also be used to change the terms of a contract. This can be useful when the parties want to make changes to the contract, or when one party wants to change the other party. Novation can also be used to terminate a contract. This can be useful when the parties want to end the contract, or when one party wants to cancel the other party's rights under the contract.
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