This novation agreement template may be used to transfer the rights and obligations of one party under a contract to another person or organisation, where the transfer is to be effective from the date of the original contract. In other words, even the historic liabilities and rights of the transferor will pass to the transferee.

This template contains the following provisions:

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

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

You can view a sample version of this template, containing the first few pages only, here:
Sample Novation Agreement (ab initio).