<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=229461991482875&amp;ev=PageView&amp;noscript=1">
Skip to content
Back
Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > N

Novate

To novate is to replace an original contract with a new one.

One party is substituted for a new third party. The original party is relieved of their obligations. 

Also see Assignment. 

< Previous Next >
close

Request your free demo of Gatekeeper

close

Top Rated CLM Software

  • b614d35e-9f9a-4f9f-80b2-72cd742b3101 (1)
  • 5f33dda0-5d00-4bb7-9077-206a701bdeb6 (1)
  • a6994087-5c6b-4c3d-a114-b94d82b57270 (1)
  • medal (2)-4

Before Gatekeeper, our contracts
were everywhere and nowhere.

Anastasiia Sergeeva, Legal Operations Manager, BlaBlaCar

Gatekeeper is that friendly tap on the shoulder,
to remind me what needs our attention.

Donna Roccoforte, Paralegal, Hakkasan Group

Great System. Vetted over 25 other systems
and Gatekeeper rose to the top.

Randall S. Wood, Associate Corporate Counsel, Cricut

Book your Free Demo of Gatekeeper