Examples of Novation Agreement in a sentence
Note that the modification action that incorporates the Novation Agreement into the contract is an acceptable method of providing the Novation Agreement.
However, if the modification is not able to be issued until the CAGE code information is updated, the Novation Agreement itself will suffice.
DLA may, based on the content of the Novation Agreement, request that the contracting officer provide additional information regarding any Government interest in whether CAGE codes are transferred to the successor in interest.
Note that if the name change request was received as a part of a registration from SAM update, and this situation applies, the update will be sent back to SAM as rejected by CAGE validation if a copy of the executed Novation Agreement or confirmation from the cognizant Government contracting officer is not available within 10 business days.
When executed on behalf of the Government, a Novation Agreement will be made part of the Lease via Lease Amendment.