Read the document to make sure it meets your needs and that all three parties involved agrees with the novation agreement.
For more information read Assigning a contract.
Remember that if you have any questions you can easily Ask a lawyer.
Novation agreement checklist
Make it Legal™ Checklist
Here are a few important steps to take to finish your document
This agreement needs to be signed by all three parties. Once it is signed by all parties, it becomes a binding contract. For more information on novating contracts, see this Quick Guide.
Signing online
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You can select to sign online using Rocket Lawyer.
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The parties to the agreement will receive an email invite to sign online.
Signing in print
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Print a copy for each party to the agreement.
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Each party must sign and date both copies.
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The date of the contract is the date on which the parties signed if that was the same day. If they signed on different days, then it is the day when the last person signed.
The letter novating a contract is a formal notice which must be served properly.
Check the contract you are novating for any special rules about serving notices and make sure they are followed.
In this kind of business notice, you will most likely serve notice by courier, post or email (if the contract allows email).
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Post: if you are serving notice by post then it is recommended that you use recorded delivery and that you keep a copy of the proof of posting and delivery. Check you have the other party's latest address.
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Email: check that the contract allows you to send notices by email and whether it requires you to request a "read receipt" as proof of service.
Each party should keep their own original signed agreement.
