The Novation Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, with customizable and printable examples for your convenience.
Novation Agreement Template UK Editable – PrintableSample
Novation Agreement Template UK 1. Parties Involved 2. Original Agreement Details 3. Novation Terms 4. Responsibilities of the Parties 5. Effective Date of Novation 6. Indemnity Clause 7. Governing Law 8. Amendments and Modifications 9. Signatures of Agreement 10. Declaration of Understanding
a. Original Party Responsibilities
b. New Party Responsibilities
PDF
WORD
Examples
[Name of the Original Party]
[Original Party’s ID]
[Original Party’s Address]
[Original Party’s Phone]
[Original Party’s Email]
[Name of the New Party]
[New Party’s ID]
[New Party’s Address]
[New Party’s Phone]
[New Party’s Email]
[Name of the Counterparty]
[Counterparty’s ID]
[Counterparty’s Address]
[Counterparty’s Phone]
[Counterparty’s Email]
This Novation Agreement outlines the terms under which the Original Party transfers its rights and obligations under the existing agreement with the Counterparty to the New Party, effective from [Effective Date].
The Original Party hereby novates its rights and obligations to the New Party, and the New Party agrees to assume all responsibilities as per the original agreement.
The Counterparty agrees to the novation and acknowledges that the New Party will be fully responsible for the performance of the original agreement from the Effective Date.
Each party represents that they have the authority to enter into this agreement and that the execution of this document does not violate any other agreement.
The New Party agrees to indemnify and hold harmless the Original Party and the Counterparty from any claims arising from the performance of the obligations under the original agreement.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Original Party]
[Name of the Original Party]
[Signature of the New Party]
[Name of the New Party]
[Signature of the Counterparty]
[Name of the Counterparty]
[Name of the Original Party]
[Original Party’s ID]
[Original Party’s Address]
[Original Party’s Phone]
[Original Party’s Email]
[Name of the New Party]
[New Party’s ID]
[New Party’s Address]
[New Party’s Phone]
[New Party’s Email]
[Name of the Counterparty]
[Counterparty’s ID]
[Counterparty’s Address]
[Counterparty’s Phone]
[Counterparty’s Email]
This Novation Agreement serves to detail the transition of the Original Party’s obligations to the New Party, ensuring all parties are in agreement effective from [Effective Date].
The Original Party transfers its rights and obligations under the original agreement to the New Party, who accepts the novation.
The Counterparty acknowledges this transfer and confirms that all aspects of the original agreement shall remain unchanged, except for the party responsible.
The New Party agrees to assume all liabilities arising from the original agreement. The Original Party will be indemnified from any future claims related to the obligations assumed by the New Party.
All parties agree to maintain confidentiality concerning the terms of this agreement and the underlying original contract.
Any disputes arising under this agreement shall be resolved through mediation before any legal proceedings are initiated.
[Signature of the Original Party]
[Name of the Original Party]
[Signature of the New Party]
[Name of the New Party]
[Signature of the Counterparty]
[Name of the Counterparty]
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