This novation agreement template may be used to transfer the rights and obligations of one party under a contract to another person or organisation. Under this template, the transfer of rights and obligations takes effect from a specified date, which date must be at some point after the coming into force of the original contract. You can review the first few sections of this novation agreement here:

Sample Novation Agreement

If you are looking to transfer the contract "ab initio" (i.e. to create a legal fiction that the transferee was the original contracting party, not the transferor) you should consider our ab initio novation contract precedent instead.

This novation agreement contains the following provisions:

> Definitions
> Transferee's obligations
> Counterparty's obligations
> Release
> Pre-existing claims
> Indemnity
> Third party rights
> Counterparts
> Law and jurisdiction

The agreement is 4 pages long (including the cover page), and is supplied in MS Word (.doc) format for easy editing.

A copy of this novation agreement is included with our premium business pack.

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1. Novation Agreement (ab initio)