Deed of Novation
Deed of Novation

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Deed of Novation
  • Parties
  • Background
  • Agreement

This Deed is made on [insert date].

Parties

  1. 1

    [insert name of Party A][of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [insert address]] (Party A);

  1. 2

    [insert name of Party B][of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [insert address]] (Party B);

  1. 3

    [insert name of Party C][of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [insert address]] (Party C).

Background

    1. (A)

      on [insert date] Party A and Party B entered into a contract for [describe the general nature of the contract] (Contract)[a copy of which is attached to this deed];

    2. (B)

      [on [insert date] Party A [sold OR transferred] [part of] its business [and assets