Deed Of Novation (Construction) Template for Hong Kong

1. Outstanding Payments: Include when there are existing payment obligations to be addressed as part of the novation

2. Work in Progress: Include when there are ongoing construction works that need specific provisions for transition

3. Intellectual Property: Include when the construction contract involves significant IP rights or design elements

4. Security Interests: Include when there are bonds, guarantees, or other security interests to be transferred or replaced

5. Insurance: Include when specific insurance arrangements need to be addressed

6. Disputes: Include when there are existing disputes that need to be addressed or preserved

7. Confidentiality: Include when specific confidentiality obligations need to be preserved or established

1. Schedule 1 - Original Contract: Copy or details of the contract being novated

2. Schedule 2 - Outstanding Works: List of incomplete works and their status at novation date

3. Schedule 3 - Outstanding Payments: Details of any payments due or retentions held under the Original Contract

4. Schedule 4 - Relevant Notices and Correspondence: Key notices or correspondence that survive the novation

5. Schedule 5 - Transferred Security Interests: Details of any security interests being transferred

6. Appendix A - Form of Notice to Third Parties: Template notice informing other project stakeholders of the novation