(Government contracting) A formal agreement under which a contracting authority or government agency recognises the transfer of a contract from the original contractor to a successor entity, typically following a merger, acquisition, asset sale, or corporate reorganisation. In U.S. federal procurement, a novation agreement is normally executed by the Government, the transferor (original contractor), and the transferee (successor contractor). Until a novation is recognised where required, the original contractor generally remains responsible for contract performance.
Novation Agreement
A formal agreement by which the government recognises the transfer of a contract to a successor entity after a merger, acquisition, or reorganisation.
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Join us in Tyson’s Corner for a casual, hands-on user session. No slideware and no sales pitch. We take a real RFP and work it end to end in two hours, building the compliance matrix, checking it twice, and showing the latest platform upgrade in action as we go. Wrap up your proposal year with fewer surprises and a cleaner submission. Bring a laptop, bring your questions, and stay afterwards for pizza and festive treats. Bring a laptop, bring your questions, and stay afterwards for pizza and pie.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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