ContractStore - Novation Agreement

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A142 - Novation Agreement - Business

Description and usage
Novation Agreement - Business

This Novation Agreement is for use where a company (the Seller) is selling its business and as part of the sale is transferring its contracts with its customers to the Buyer.

Under this Agreement the contracts are assigned and the Buyer takes over the Seller's responsibilities for performing the contracts of the customers, and with the agreement of the customers.

In addition to the explanatory notes we include a suggested form of letter to be sent to customers explaining the reasons for the transaction and requesting them to sign the Novation Agreement.

You need this document if you are selling your business, and want to transfer your contracts with customers to the Buyer.

What's in it? - See detailed Explanatory Notes below

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Novation Agreement - Business

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You will find this contract in:

	Business Structures
	Full Catalogue

You may also find these contracts of use:

A131	Agreement for Sale of Shares to another Shareholder
A147	Agreement for Sale and Purchase of a Business - Assets
A186	Agreement for Sale and Purchase of a Business - Shares
B127	Novation Agreement - Construction
Z143	Assignment & Subcontracting - Free Document

What's in it?

Whilst for obvious reasons we can't show you the actual item before you purchase it, we can do the next best thing. We show you the explanatory notes that go with each contract and, in the case of books and forms, a brief summary. These will give you a good idea of the content of the document before you buy it.

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