A Deed of Novation is used when there is a need to completely transfer all rights and obligations under an existing contract to a new party, often during corporate restructuring, mergers, acquisitions, or business transfers. Unlike an assignment, which only transfers rights, a Deed of Novation under Singapore law transfers both rights and obligations, effectively creating a new contractual relationship. This document requires careful drafting to ensure compliance with Singapore's legal framework, particularly regarding execution requirements and the clear expression of all parties' consent. The deed typically includes details of the original agreement, the effective date of transfer, and comprehensive provisions for the release of the outgoing party.
Create a bespoke document in minutes, or upload and review your own.
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聽of your information
Key Requirements PROMPT example:
Deed Of Novation
"I need a Deed of Novation to transfer our software licensing agreement from our parent company to our newly formed subsidiary, with the transfer to take effect from 1 March 2025, ensuring all existing obligations and warranties remain intact."
1. Parties: Details of the Existing Party, New Party, and Remaining Party
2. Background/Recitals: Context of the original agreement and reason for novation
3. Definitions: Key terms used throughout the deed including 'Original Agreement', 'Effective Date', etc.
4. Novation: Core provisions effecting the transfer of rights and obligations
5. Release and Discharge: Release of the Existing Party from obligations
6. Effective Date: When the novation takes effect
7. Execution: Formal execution blocks for all parties
1. Representations and Warranties: Additional assurances from parties, typically used in complex commercial transactions
2. Costs and Expenses: Allocation of costs related to the novation, used when significant costs are involved
3. Governing Law and Jurisdiction: Choice of law and dispute resolution provisions, particularly important when parties are in different jurisdictions
1. Schedule 1 - Original Agreement: Copy of the agreement being novated
2. Schedule 2 - Outstanding Obligations: List of remaining obligations to be transferred
3. Schedule 3 - Consent Letters: Any required third-party consents
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Tripartite Novation Agreement
A Singapore-compliant legal document evidencing the transfer of ownership of personal property from seller to buyer.
find out more
Novation Of Tenancy Agreement
A formal employment offer document compliant with Singapore law, outlining key terms and conditions of employment.
find out more
Novation Contract
A Singapore-compliant employment document combining initial offer and confirmation of permanent employment status.
find out more
Deed Of Novation
A Singapore-compliant legal document confirming a monetary gift between parties, typically used for property purchase deposits.
find out more
Assignment And Novation
A Singapore law-governed agreement transferring employment rights and obligations from one employer to another while preserving employee terms and conditions.
find out more
Partial Novation Agreement
A Singapore-compliant legal agreement defining ownership rights and responsibilities between LLC members.
find out more
Novation Employment Contract
A formal document under Singapore law expressing intent to purchase a specific property at stated terms and conditions.
find out more
Letter Of Novation
A Singapore-compliant legal document for removing a tenant from an existing lease agreement while maintaining its validity for remaining tenants.
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.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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 拢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.