Deed of Novation

Transfer a contract to a new party with everyone's agreement, so the new party steps into the old party's shoes.

Before you start

• Read the agreement being novated: check whether anyone else must consent to the transfer (for example a financier, guarantor, landlord or head contractor) and whether the agreement sets any conditions on a transfer. Get those consents before, or at the same time as, this deed is signed.
• Guarantees: if someone guaranteed the Outgoing Party's obligations, that guarantee does not automatically cover the Incoming Party. A new guarantee may be needed.

What you'll need

Each party's full name, ACN or ABN (if any) and address; the name and date of the agreement being novated; the date the novation takes effect; details of any security deposit or bank guarantee held under the agreement; and any extra warranties the parties have agreed.

What you get

• The finished document in Word, completed from your answers
• A plain-English guide to completing, signing and keeping it
• DIY straight away, or a solicitor check within 1 to 3 business days

How it works

1. Answer the questions, in 3 short steps.
2. See your fixed price and pay.
3. DIY documents download straight away. Solicitor-checked documents arrive within 1 to 3 business days.