Allowances are usually included in a novation agreement, but not automatically. There are two offsets you can add to this agreement: capital measures, such as acquisitions and mergers, involve a large number of novation contracts, and this is a common method of rescheduling loan debt. Sometimes a novation is referred to as an „Ave Maria“ defense for someone who tries to avoid contractual liability. However, to establish Novation, a fairly high level is required. A novation letter is a three-way contract that erases one contract and replaces it with another, in which a third party assumes the rights and obligations of one of the original parties. The other party of origin effectively pursues his rights and duties. The new party is the party that will replace one of the original parts of the agreement. The third party effectively replaces one of the Contracting Parties. . . .