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- What is a difference between modification and novation to replace . . .
That would be a modification In a novation, Party A no longer wants the widgets on those terms so Party A says no thank forget the widgets, thereby discharging Party B from any duty to deliver widgets It can become a great deal more complex if delegating parties are involved, but that is simplest manner in which I can explain it
- Addendum not signed by seller; how does this affect contract viability . . .
I signed an addendum to the purchase agreement but the seller had not and as far as I know has still not signed it The addendum states that it is 'incorporated into the Agreement by his reference All other terms and conditions of the Agreement shall remain in full force and effect This Addendum is not a novation of the Agreement "
- Is a contract still legal if the business changed their name?
Generally speaking, an actual legal change of entity name will necessitate some kind of assignment (i e , selling the old contract to the "new" entity) or novation of the original contract (switching the parties) In any event, I would not assume that nothing needs to be done and I would be proactive in discussing this issue with the team
- Can I cancel a contract for a project that has not started yet?
It could be that the contract can be declared void If the contract was signed at your home, and not at the contractor's office, it could violate the provisions of the Texas Home Solicitation Act, if it does not have a detachable notice of cancellation form
- What does “ All parties to hereby waive presentation for payment . . .
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- I recently took out a loan, but I am now considering bankruptcy (No . . .
Yes Creditor may object to discharge of recent advance Court may find this debt non-dischargeable Creditor may file adversary proceeding seeking a court order that this debt is non-dischargeable
- How many times can a U. S. citizen legally change his her name in his . . .
Community Guideline Update Please note that our Community Guidelines have been updated We are committed to maintaining the integrity and quality of the content posted by our legal community on our platforms
- Is a lease agreement valid if the Lessor does not own the property . . .
A lease agreement says that the agreement is between a single person, identified as the "Lessor" and owner of the leased property, and tenants
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