The Novation Agreement Template – Australia is provided in multiple formats, including PDF, Word, and Google Docs. Each version is designed to be both editable and printable, ensuring convenience for your requirements.
Novation Agreement Template – Australia Editable | PrintableSample
1. Parties Involved 2. Purpose of the Novation Agreement 3. Description of the Original Agreement 4. Rights and Obligations of the New Party 5. Acceptance by Third Party 6. Effective Date of Novation 7. Indemnity Clause 8. Governing Law 9. Signatures and Acceptance
PDF
WORD
Examples
[Original Party’s Name]
[Original Party’s Address]
[Original Party’s ABN/ACN]
[Original Party’s Email]
[New Party’s Name]
[New Party’s Address]
[New Party’s ABN/ACN]
[New Party’s Email]
[Continuing Party’s Name]
[Continuing Party’s Address]
[Continuing Party’s ABN/ACN]
[Continuing Party’s Email]
This Novation Agreement (“Agreement”) sets forth the terms under which [Original Party’s Name] transfers its rights and obligations to [New Party’s Name] while remaining bound to [Continuing Party’s Name], effective from [Effective Date].
The Original Party hereby novates its entire interest in the contract with [Continuing Party’s Name] to the New Party, who agrees to assume all responsibilities and liabilities as stipulated under the original contract.
All parties acknowledge and agree to the novation and confirm that all terms of the original agreement remain unchanged, except as specifically provided in this Agreement.
Upon execution of this Agreement, the Original Party shall be released from all obligations and liabilities under the original agreement, and the New Party shall assume those obligations entirely.
The New Party represents that it has the necessary capacity and authority to perform the obligations under the original agreement and that it is in good standing under applicable laws.
This Agreement shall be governed by and construed in accordance with the laws of Australia.
[Original Party’s Signature]
[Original Party’s Name]
[New Party’s Signature]
[New Party’s Name]
[Continuing Party’s Signature]
[Continuing Party’s Name]
[Original Party’s Name]
[Original Party’s Address]
[Original Party’s ABN/ACN]
[Original Party’s Email]
[New Party’s Name]
[New Party’s Address]
[New Party’s ABN/ACN]
[New Party’s Email]
[Continuing Party’s Name]
[Continuing Party’s Address]
[Continuing Party’s ABN/ACN]
[Continuing Party’s Email]
This Novation Agreement (“Agreement”) outlines the terms under which [Original Party’s Name] transfers its contractual duties to [New Party’s Name], with the consent of [Continuing Party’s Name], effective as of [Effective Date].
The Original Party agrees to novate its interest, and the New Party agrees to accept all rights, responsibilities, and liabilities of the Original Party in respect of the original contract with [Continuing Party’s Name].
The Continuing Party acknowledges and agrees to the terms of the novation and confirms that the New Party is fully capable of performing the obligations previously held by the Original Party.
Upon the execution of this Agreement, the Original Party is discharged from all duties and obligations under the original agreement, with the New Party fully liable for those terms.
This Agreement shall be governed by the laws of Australia, and the parties submit to the jurisdiction of the courts of [appropriate jurisdiction].
[Original Party’s Signature]
[Original Party’s Name]
[New Party’s Signature]
[New Party’s Name]
[Continuing Party’s Signature]
[Continuing Party’s Name]
Printable
