Contract Novation Deed
Publisher one
Genie AISource file
contract_novation_deed_template.docxJurisdiction
England and WalesRelevant sectors
Type of legal document
🏡 Novation agreementBusiness activity
Novation of contractA Contract Novation Deed under UK law is a legal template that is used to outline the process of transferring the rights and obligations of an existing contract from one party to another. Novation essentially replaces one party with another, where the incoming party agrees to assume all the duties and responsibilities of the original party as specified in the original contract. This legal document helps to ensure that all parties involved are in agreement and legally protected during the novation process. The template typically includes information such as the names and details of the original contracting parties, the incoming party, the effective date of the novation, the terms and conditions of the novation agreement, and the signatures of all parties to the deed. Overall, this legal template serves as a formal agreement to facilitate the transfer of contractual rights and obligations between parties under UK law.
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