About this novation agreement
Use this novation agreement to transfer a contract for the design or build of a property to the purchaser on the sale of land. It can be used to novate any building contract, usually with only minimal editing.
The consent of all three parties: the transferee, the transferor and the other contracting party is required to effect the transfer.
When to use this novation agreement
Typically (although not exclusively) this agreement would be used in the following situations:
- When the owner of a development is forced to sell before completing the project and the buyer wishes the existing contractor to continue the development
- When an unincorporated business is sold along with an unfinished land or building development
This agreement could be bought by:
- A seller looking to make the purchase of his land as easy and attractive for a buyer as possible (even easier if the agreement is signed by the contractor in advance of the sale)
- A buyer wishing to sort out the affairs of a seller having bought an unfinished property
- A builder, tradesman or architect who wants to keep developing the site even though the customer changes
Agreement features and contents
- Suitable when either party is resident outside the UK;
- Ensures a legal transfer as it is drawn as an agreement between all parties;
- Comprehensive provisions provide ideas for you to mould
The agreement contains the following sections:
- Details of the parties;
- Indemnity clause to protect both parties from loss, damage or legal liability once the contract is transferred;
- The novation;
- Other usual legal provisions in plain English.
Reasons to buy from Net Lawman
Full money back guarantee – buy with confidence
Our novation agreement comes with a no questions asked full money back guarantee. You take no risk that it might not be right. Once you buy it, we’ll give you 30 days to evaluate it in any way you want. If for any reason you’re not happy, just e-mail us and we’ll refund your money in full immediately.
Guidance notes included - prior legal knowledge is not required
Comprehensive guidance notes, written by the author of the document, are included. These notes ensure that you don’t need to be a lawyer or have knowledge of the law to understand which paragraphs you should edit to complete the document.
Minimal editing required
Like all Net Lawman documents, this agreement has been written specifically in such a way that you don’t need to spend hours editing it. It uses an approach where you remove the sections that aren’t applicable to you, so you don’t have to add any back, write your own, or worry about whether you are using correct legal language.
Paragraphs have been written to stand alone from each other. Removing one that isn’t applicable to your circumstances doesn’t affect the standing of any other in the document.
Plain language minimises future disagreements
Your agreement is real law written in plain language that all parties will understand. This will minimise the likelihood of later disputes.
If a dispute does arise and you find yourself in court, the judge will look more favourably on a legal agreement written in plain language over one peppered with complicated legal jargon. Your case will be stronger if it is clear that both sides understood the agreement when it was signed.
Buy once – re-use again and again
You can use the document as many times as you like – just create a new copy from the master template.
Delivered straight to your inbox
As soon as you complete the secure checkout process, we will send your document straight to your inbox. We will also keep a copy for you for 60 days in our customer area so you can access it even when you are away from your e-mail.
Still unsure whether this is the right document for you?
If you are unsure whether this novation agreement is suitable for your particular circumstances, then you have two options. The first is to buy now, evaluate the document, and use the 30 day, full money back guarantee to obtain a refund if it isn’t suitable. You take no risk in seeing the agreement. The second option is to contact us and ask. We can’t offer you legal advice on your situation, but we can help you find the document you want. We aim to respond to your question within 24 hours. |
