Novation Agreement
Buyer/PurchaserSales and MarketingSeller/VendorRaising Money / Negotiating with Partners

Details

A simple novation agreement to novate the rights and obligations of the transferor to the transferee with the consent of the counterparty. A partial transfer of all the transferor’s rights and release the transferor’s obligations under the Agreement to that extent. The transferor otherwise continues as a party to the Agreement.

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Important: The information available at this website is based on the laws of HKSAR and for preliminary reference only. It should NOT be considered as legal advice. For more information, please refer to our .