Novation agreement: transfer of architectural or building contract
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
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.
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.
Thanks guys, great service/product.
Cheers Dean"Dean Harper
"I needed an Agreement and Google, as always, was where I headed. I found the Net Lawman site and initially I thought I needed a relationship type Agreement but the Lodger one was absolutely perfect.
I didn't think it would be so easy so would recommend your website to anybody who was looking for an Agreement to suit their needs."Wendy Auger
"I appreciate your patience. I have to say though it took me a while (I had almost given up) to come across your internet site, but I was quite impressed with the manoverabilty of the site itself and the services it offers. Normally I am very cautious about internet services and am pleasantly impressed by you professional response. Without doubt I will definitely be recommending yourselves to others."Razwana