This novation contract template may be used to transfer the rights and obligations of one party under a contract to another person or organisation, where the transfer is to be effective from the date of the original contract. In other words, all the historic liabilities and rights of the transferor will pass to the transferee.

For an alternative approach, see also our standard novation agreement document.

The ab initio novation contract template contains the following provisions:

> Definitions
> Transferee's obligations
> Counterparty's obligations
> Release
> Indemnity
> Third party rights
> Counterparts
> Law and jurisdiction

The ab initio novation contract template is 4 pages long (including the cover page). It is delivered in MS Word (.doc) format. For the first few sections of the contract, see:

Sample Novation Contract