Novation, Assignment and Transfer of Contracts
Three different transactions that every client calls “transferring the contract”, only one of which actually moves the obligations, and the one most often used is the one that leaves the client liable for everything after it thought it had walked away.
- 10 pages
- 138
- Word and PDF
- 14 September 2026
The 3 formats inside
- 1Deed of novations.62, Indian Contract Act 1872, substitution of a partyOn its own₹149
- 2Deed of assignment of contract with the counterparty’s consentBenefit assigned, burden retained or assumedOn its own₹149
- 3Notice and consent to assignment, set of threes.131, Transfer of Property Act 1882, and the contractual consentOn its own₹149
Read the opening
The first part of “Deed of novation”, as it downloads. Blanks are highlighted.
[On an e-stamp certificate of Rs (value) purchased in the name of (the Incoming Party) in the State of (State)]
DEED OF NOVATION
THIS DEED OF NOVATION is made at [Place of signing the deed] on this [Day of signing] day of [month, year]
Among
(1) [Outgoing Party's name], a company incorporated under the Companies Act [year], CIN [CIN], PAN [Outgoing Party's PAN], having its registered office at [Outgoing Party's registered office address], represented by [name, designation], duly authorised by a resolution of its Board of Directors dated [date] (hereinafter the “Outgoing Party”) of the FIRST PART;
And
(2) [Incoming Party's name and full description] (hereinafter the “Incoming Party”) of the SECOND PART;
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