Novation agreement

Transfer of architectural or building contract
NZ$19.00
drsWe can check your edited document. Find out more
Easy to use novation agreement for use where the customer of an architectural or construction contract changes part-way through the project (e.g. where the land and part-completed buildings are sold).
Compliant
Compliant with the latest law
Document propertied
Document properties
  • Length:4 pages (1100 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
Guaranteed
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

Edit Document
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Notes
Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

Email
Support from our legal team

We offer free support by email in respect of editing the document. You can also use our Document Review Service if you want to our legal team to check that the document will do as you intend.

Update
Up to date with the latest law

Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.

How our service works
Writing
Edit Your Document
Download your document & complete it at your own pace. Our guidance notes explain what to consider and how to edit.
Investigation
Upload for Legal Review
Let our legal team check that the document does what you intend.
Printing
Print, Date & Sign
Signing the document makes it legally binding.

About this novation agreement

Use this novation agreement to transfer a contract for the design or build of a property to the purchaser on the sale of land. It can be used to novate any building contract, usually with only minimal editing.

The consent of all three parties: the transferee, the transferor and the other contracting party is required to effect the transfer.

When to use this novation agreement

Typically (although not exclusively) this agreement would be used in the following situations:

  • When the owner of a development is forced to sell before completing the project and the buyer wishes the existing contractor to continue the development;
  • When an unincorporated business is sold along with an unfinished land or building development.

This agreement could be bought by:

  • A seller looking to make the purchase of his land as easy and attractive for a buyer as possible (even easier if the agreement is signed by the contractor in advance of the sale);
  • A buyer wishing to sort out the affairs of a seller having bought an unfinished property;
  • A builder, tradesman or architect who wants to keep developing the site even though the customer changes.

Agreement features and contents

  • Suitable when either party is resident outside the New Zealand
  • Ensures a legal transfer as it is drawn as an agreement between all parties
  • Comprehensive provisions provide ideas for you to mould

The agreement contains the following sections:

  • Details of the parties;
  • Indemnity clause to protect both parties from loss, damage or legal liability once the contract is transferred;
  • The novation;
  • Other usual legal provisions in plain English.
© 2000 - 2023 Net Lawman Limited.
All rights reserved