Utah Novation is a legal process that allows for the transfer of a contract from one party to another. It is commonly used when a business is sold and the new owner wishes to continue the obligations of the original contract. Utah Novation also applies to the transfer of agreements between two parties, such as a contract between a vendor and a customer. There are two types of Utah Novation: the novation process, and the novation agreement. The novation process requires the approval of all parties involved, and involves a new contract that replaces the existing one. The novation agreement is an agreement between the original parties and the new party that states the terms and conditions of the transfer.