This Agreement is [made on [date] OR delivered on [date]].Parties1[Insert name of party] [of OR a company incorporated in [Scotland] under number [insert registered number] whose registered office is at] [insert address] (Outgoing Party); and2[insert name of party] [of OR a company incorporated in [Scotland] under number [insert registered number] whose registered office is at] [insert address] (Incoming Party); and3[insert name of party] [of OR a company incorporated in [Scotland] under number [insert registered number] whose registered office is at] [insert address] (Remaining Party),each of the Outgoing Party, Incoming Party and Remaining Party being a party and together the Outgoing Party, Incoming Party and Remaining Party are the parties.BACKGROUND(A)The Outgoing Party wishes to transfer, by way of novation, its rights and obligations under the Original Contract (as defined below) to the Incoming Party, in accordance with this Agreement.(B)The Outgoing Party wishes to be released and discharged from its[ future] obligations and liabilities under the Original Contract.(C)The Remaining Party agrees to release and discharge the Outgoing Party from