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Novation Employment Contract
"I need a Novation Employment Contract to transfer an employee from our UK subsidiary to our parent company in Wales, maintaining their existing benefits package but updating their reporting line and job title, with the transfer to be effective from March 1, 2025."
1. Parties: Identification of original employer, new employer, and employee
2. Background: Context of the novation and existing employment relationship
3. Definitions: Key terms used throughout the agreement
4. Novation: Core provisions effecting the transfer of rights and obligations
5. Effective Date: Date when novation takes effect
6. Continuing Terms: Confirmation of employment terms that will continue
7. Release and Discharge: Original employer's release from obligations
1. Modified Terms: Any changes to employment terms, used when terms are being updated
2. Accrued Rights: Treatment of existing employee rights and benefits, used when specific provisions needed for existing benefits/rights
3. Restrictive Covenants: Transfer of existing restrictions or new restrictions, applicable when specific post-employment restrictions apply
1. Original Employment Contract: Copy of existing employment agreement being novated
2. Modified Terms Schedule: Details of any changes to employment terms
3. Benefits Schedule: Details of transferred or new benefits package
4. Pension Arrangements: Details of pension transfer or new arrangements
Authors
Business Day
Commencement Date
Completion Date
Confidential Information
Effective Date
Employment Contract
Encumbrance
Existing Employment Agreement
Intellectual Property Rights
New Employer
Novation
Original Employer
Parties
Personal Data
Related Persons
Relevant Benefits
Remuneration
Service Period
Termination Date
Transfer Date
TUPE
Working Hours
Novation
Transfer of Rights and Obligations
Effective Date
Continuity of Employment
Release and Discharge
Employment Terms
Remuneration and Benefits
Pension Arrangements
Holiday Entitlement
Sick Pay
Notice Periods
Confidentiality
Intellectual Property
Data Protection
Restrictive Covenants
Warranties and Representations
Variation
Severability
Third Party Rights
Entire Agreement
Notices
Governing Law
Jurisdiction
Counterparts
Find the exact document you need
Assignment And Novation Agreement
A legal document under English and Welsh law that enables the transfer of contractual rights and obligations between parties, either through assignment or novation.
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