Debt Novation Agreement Template for Malaysia

1. Security Arrangements: Required when the existing debt is secured by assets or guarantees that need to be transferred or renewed

2. Conditions Precedent: Include when the novation is conditional upon certain events or approvals

3. Costs and Stamp Duty: Include when there's a need to specify which party bears various costs and stamp duty

4. Corporate Authorizations: Required when any party is a company and needs to specify internal approvals

5. Confidentiality: Include when parties wish to keep the terms of the novation confidential

6. Further Assurance: Include when parties may need to execute additional documents or take further actions to perfect the novation

1. Schedule 1 - Existing Debt Details: Detailed description of the debt being novated, including amount, interest rate, and payment terms

2. Schedule 2 - Security Documents: List and copies of any security documents relating to the existing debt

3. Schedule 3 - Payment Schedule: If applicable, the schedule of payments to be made by the new debtor

4. Schedule 4 - Corporate Authorizations: Copies of relevant board resolutions or other corporate approvals

5. Schedule 5 - Related Agreements: List and copies of any related agreements affected by the novation