Contract law – Management agreement – Revocation – Waiver of revocation – Novation of agreement. Court of Session: In an action by a property company, which had appointed a partnership to be its managing agent under a management agreement which was subsequently novated in favour of the defender and then revoked by joint receivers appointed to the pursuer, seeking declarator that the management agreement had been terminated and that the defender had no continuing authority under it, the court rejected the defender's contentions that subsequent to the revocation the pursuer had waived the revocation or had novated the agreement.