substituted contract

Definition of "substituted contract"
  1. An agreement that replaces a previous contract between the same parties, effectively ending those previous contractual responsibilities
How to use "substituted contract" in a sentence
  1. The parties decided to create a substituted contract to resolve their disputes and discharge obligations under the initial contract.
  2. The fault in the original agreement was rectified by the implementation of a substituted contract.
  3. The substituted contract effectively nullified the obligations established by the previous contract.

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