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It defines key terms, describes the Transferee’s undertaking to observe and perform the Contract, and includes provisions on the parties’ ongoing liabilities. The template further covers releases and discharges, treatment of pre-existing claims, indemnity, third-party rights, counterparts, and governing law and jurisdiction, ending with deed-style signatures.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/novation-agreement-template-rights-and-obligations-transfer/281967/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/novation-agreement-template-rights-and-obligations-transfer/281967.png","ImageObject",442,249,{"name":88,"@type":89},"Bill Black","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-21","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":20},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of a novation agreement in this template?","Question",{"text":108,"@type":109},"It transfers (novates) the rights and obligations of the Transferor under a named contract to the Transferee, in accordance with the agreement’s terms.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"When do the Transferee’s obligations begin?",{"text":113,"@type":109},"The Transferee becomes bound by the Contract from the Novation Date, and obligations and liabilities arising on or after that date move to the Transferee.",{"name":115,"@type":106,"acceptedAnswer":116},"How does the template handle releases and pre-existing claims?",{"text":117,"@type":109},"It provides mutual releases and discharges between the Transferor and Counterparty for obligations arising on or after the Novation Date, while pre-existing liabilities before the Novation Date are expressly preserved.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},281967,1790433496,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":20,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},24189269381491,"https://ap-avatar.wpscdn.com/avatar/160000cf11732dd8392?x-image-process=image/resize,m_fixed,w_180,h_180&k=1788146458752108895","Sample Novation Agreement1  \nDATE: [date]  \nPARTIES:  \n(1) [COMPANY NAME], a [limited company / public limited company] incorporated in [England and Wales] (registration number [number]) having its registered office at [address] (the“Transferor”);  \n(2) [COMPANY NAME], a [limited company / public limited company] incorporated in [England and Wales] (registration number [number]) having its registered office at [address] (the“Transferee”); and  \n(3) [COMPANY NAME], a [limited company / public limited company] incorporated in [England and Wales] (registration number [number]) having its registered office at [address] (the“Counterparty”) .  \nBACKGROUND:  \n(A) On [date] the Transferor and the Counterparty entered into an [agreement] 2 relating to [subject matter] [(a copy of which is annexed to this Agreement)](the “Contract”) .  \n(B) The parties have agreed that the Transferee will assume the rights and obligations of the Transferor under the Contract, in accordance with the terms of this Agreement.  \nAGREEMENT:  \n1. Definitions  \nIn this Agreement:  \n“Agreement” means this novation agreement;  \n“Contract” has the meaning given to it in the Background section; and  \n“Novation Date” means [date] .  \n2. Transferee's obligations  \n2.1 The Transferee undertakes to the Counterparty to observe and perform the Contract and be bound by its terms from the Novation Date, and accordingly all the obligations and liabilities of the Transferor owed to the Counterparty under the Contract arising on or after the Novation Date shall become the obligations and liabilities of the Transferee owed to the Counterparty.  \n...  \n1 This template can be used to novate (transfer) the rights and obligations of one party under a contract (the Transferor) to another person (the Transferee) .  \nAs a matter of English law, whilst the benefit of a contract may be assignable without the consent of the counterparty, the burden may not. Hence the need for novation agreements.  \nNovation agreements are widely used following corporate transactions to regularise the contractual position of an entity that has purchased an ongoing business.  \n2 You should take care to precisely identify the contract being novated. If the contract has been amended since execution, you should specify that the amendments are part of the “Contract” as defined here. You may want to annex a copy of the contract being novated to this Agreement.  \nDownloaded from [http://www.tidyforms.com](http://www.tidyforms.com)  \n3. Counterparty's obligations  \n...  \n4. Releases  \nSubject to [Clauses [5] and [6]]:  \n(a) the Transferor releases and discharges the Counterparty from its obligations arising under the Contract on or after the Novation Date;  \n(b) the Counterparty releases and discharges the Transferor from its obligations arising under the Contract on or after the Novation Date; and  \n(c) the Counterparty releases and discharges the Transferor from all liabilities arising under the Contract on or after the Novation Date.  \n5. Pre-existing claims  \nNothing in this Agreement shall affect any liabilities which:  \n(a) the Transferor may owe to the Counterparty; or  \n(b) the Counterparty may owe to the Transferor, arising under the Contract before the Novation Date.  \n6. Indemnity  \n...  \n7. Third party rights  \n...  \n8. Counterparts  \nThis Agreement may be executed in one or more counterparts, each of which shall be an original, and which together shall constitute one agreement.  \n9. Law and jurisdiction  \n...  \nSIGNED AND DELIVERED as a deed by [director name]  \nand [director or company secretary name] duly authorised for and on behalf of the Transferor  \nSIGNED AND DELIVERED as a deed by [director name]  \nand [director or company secretary name] duly authorised for and on behalf of the Transferee  \nSIGNED AND DELIVERED as a deed  \n)  \n))  \n))  \n)  \n))  \n))  \n)  \nDownloaded from [http://www.tidyforms.com](http://www.tidyforms.com)  \nby [director name] )  \nand [director or company secretary name] ) ","cbCaic1C2FPRhdsr","https://ap.wps.com/l/cbCaic1C2FPRhdsr","pdf",47284,"English","# Agreement\n## Definitions\n## Transferee's obligations\n## Counterparty's obligations\n## Releases\n## Pre-existing claims\n## Indemnity\n## Third party rights\n## Counterparts\n## Law and jurisdiction\n# Execution (Deed Signatures)","[{\"question\":\"What is the purpose of a novation agreement in this template?\",\"answer\":\"It transfers (novates) the rights and obligations of the Transferor under a named contract to the Transferee, in accordance with the agreement’s terms.\"},{\"question\":\"When do the Transferee’s obligations begin?\",\"answer\":\"The Transferee becomes bound by the Contract from the Novation Date, and obligations and liabilities arising on or after that date move to the Transferee.\"},{\"question\":\"How does the template handle releases and pre-existing claims?\",\"answer\":\"It provides mutual releases and discharges between the Transferor and Counterparty for obligations arising on or after the Novation Date, while pre-existing liabilities before the Novation Date are expressly preserved.\"}]","Novation Agreement Template - Rights and Obligations Transfer | PDF",1789569305]