If you work in the Government acquisition world, this podcast is for you. (not just for Contracting Officers!)
What is a novation? How is it different than a name change? How do you know which one applies?
Kevin and Paul discuss novations and change-of-name agreements and the procedures outlined in FAR 42.12. Learn how and when novations happen and why it is important to recognize that both assets and liabilities are transferred to the successor company. Remember that novations aren’t always required just because a company acquires another.