Novation agreements

Novation agreements change the parties to a contract, transferring the benefits and obligations to another business or individual. Our agreements have been drawn for common situations where all parties to the contract (new and old) agree to the novation.

    Templates

    Novation agreement: transfer of service contract

    5 Reviews

    Transfer a service contract between customers using this easy to use and effective novation contract. Although this novation agreement can be used to transfer any service contract, we have used the example of a transfer of website hosting services between hosting providers. Changes for other types of service agreement are very simple to make. The most common use for this agreement would be to change the parties to service contracts on the purchase of a business.

    Novation agreement: transfer debt to new creditor

    1 Review

    Transfer the right to receive a debt repayment from creditor to his transferee. Common uses would be one-off transfer of a debt, or when factoring debt (buying the debts or loans owed to the seller) or when buying a business that has extended credit to customers. This is an easy to use, effective novation agreement.

    Novation agreement: transfer debt to new debtor

    6 Reviews

    Transfer a debt obligation from one party to another with the creditor's permission, for example when restructuring debt or when selling a business and its obligations. This is an easy to use, effective novation agreement.

    Novation agreement: transfer of architectural or building contract

    Easy to use novation agreement for use where the customer of an architectural or construction contract changes part-way through the project (e.g. where the land and part-completed buildings are sold).

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