tiktok³ÉÈË°æ

All Countries
Mergers & Acquisitions
Novation And Amendment Agreement

Novation And Amendment Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Novation And Amendment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Novation And Amendment Agreement

"I need a Novation and Amendment Agreement to transfer our IT services contract from ABC Tech Solutions to XYZ Digital Services effective March 1, 2025, while also updating the service level agreements and payment terms in the original contract."

Celebrated by
Collaborations with
Investors
Document background
The Novation and Amendment Agreement is a crucial legal instrument used when there's a need to both transfer contractual obligations and modify existing terms under Indian law. This document type is particularly relevant in scenarios such as corporate restructuring, business acquisitions, or when a party wishes to exit a contract and transfer its obligations to another entity. The agreement must comply with Indian Contract Act, 1872, and other relevant Indian legislation, making it essential to include specific provisions regarding the transfer of rights and obligations, release of the outgoing party, and acceptance by all parties involved. The document typically incorporates detailed schedules outlining the amendments and transferred obligations, while ensuring proper stamping and registration requirements are met under Indian law.
Suggested Sections

1. Parties: Identifies all parties to the agreement including the original parties and the new party

2. Background: Recitals explaining the original agreement, reason for novation, and proposed amendments

3. Definitions: Defines key terms used in the agreement, including references to the original agreement

4. Novation: Core clause transferring rights and obligations from the outgoing party to the incoming party

5. Amendments to Original Agreement: Details of specific amendments being made to the original agreement

6. Effective Date: Specifies when the novation and amendments take effect

7. Release and Discharge: Releases the outgoing party from obligations and specifies any surviving obligations

8. Representations and Warranties: Standard representations from all parties, particularly the incoming party

9. Costs and Expenses: Allocation of costs related to the novation and amendments

10. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction

11. Counterparts: Allows execution in multiple counterparts

12. Execution: Signature blocks for all parties

Optional Sections

1. Security Arrangements: Required if there are any existing security arrangements that need to be transferred or modified

2. Consent of Other Parties: Needed if other parties' consent is required for the novation

3. Tax Provisions: Include if the novation has specific tax implications that need to be addressed

4. Intellectual Property Rights: Required if IP rights are being transferred as part of the novation

5. Confidentiality: Include if additional confidentiality obligations need to be imposed

6. Further Assurance: Optional clause requiring parties to take additional steps to give effect to the agreement

7. Assignment: Include if restrictions on future assignments need to be specified

Suggested Schedules

1. Original Agreement: Copy of the original agreement being novated and amended

2. Amendments: Detailed list of all amendments to the original agreement in tabular format

3. Transferred Rights and Obligations: Comprehensive list of rights and obligations being transferred

4. Required Consents: List of all third-party consents obtained or required

5. New Payment Details: Updated payment instructions and bank account details if applicable

6. Completion Requirements: Checklist of actions required to complete the novation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





























Clauses


























Relevant Industries

Financial Services

Real Estate

Construction

Information Technology

Manufacturing

Professional Services

Telecommunications

Energy

Infrastructure

Healthcare

Retail

Transportation and Logistics

Relevant Teams

Legal

Commercial

Corporate Affairs

Business Development

Operations

Finance

Compliance

Risk Management

Company Secretarial

Procurement

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Chief Legal Officer

Business Development Manager

Project Manager

Corporate Lawyer

Compliance Officer

Risk Manager

Operations Director

General Counsel

Transaction Manager

Chief Financial Officer

Company Secretary

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Short Form Novation Letter

An Indian law-governed letter document that efficiently transfers contractual rights and obligations from one party to another, with all parties' consent.

find out more

Lease Novation Agreement

An Indian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Novation Of Tenancy Agreement

An Indian law-compliant agreement that transfers tenancy rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Partial Novation Agreement

An Indian law-governed agreement that enables the partial transfer of contractual rights and obligations from one party to another while maintaining certain aspects of the original contract.

find out more

Novation Employment Contract

An Indian law-compliant tripartite agreement transferring employment relationships from one employer to another while preserving employee rights and service continuity.

find out more

Novation And Amendment Agreement

An Indian law-governed agreement that transfers contractual obligations to a new party while modifying original contract terms.

find out more

Assignment And Novation Agreement

An Indian law-governed agreement that enables the transfer of contractual rights and obligations from one party to another, with the original counterparty's consent.

find out more

Debt Novation Agreement

An Indian law-governed agreement that transfers debt obligations from an original debtor to a new debtor, with the creditor's consent, creating a new debt obligation while extinguishing the original one.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.