Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Assignment And Novation
"I need an Assignment and Novation Agreement to transfer all rights and obligations under a commercial property lease from ABC Sdn Bhd to XYZ Sdn Bhd, with Commonwealth Bank remaining as landlord, effective March 1, 2025."
1. Parties: Identifies the Assignor (original contracting party), Assignee (party receiving the rights/obligations), and Obligor (remaining original party)
2. Background: Sets out the context of the original agreement, the reason for the assignment and novation, and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement, including the Original Agreement, Effective Date, and any specific terms relevant to the rights and obligations being transferred
4. Assignment: Details the assignment of rights from the Assignor to the Assignee
5. Novation: Specifies the novation of obligations and the release of the Assignor from future obligations
6. Effective Date: Establishes when the assignment and novation take effect
7. Consideration: States the consideration being paid for the assignment and novation
8. Representations and Warranties: Contains basic warranties from all parties regarding their capacity and authority to enter into the agreement
9. Governing Law and Jurisdiction: Specifies Malaysian law as the governing law and establishes jurisdiction for disputes
10. Execution: Signature blocks for all parties
1. Consent of Other Parties: Required when the original agreement requires consent for assignment or novation
2. Outstanding Obligations: Addresses any outstanding obligations or liabilities that existed before the effective date
3. Intellectual Property Rights: Included when the assignment involves transfer of IP rights
4. Confidentiality: Added when there are specific confidentiality requirements beyond the original agreement
5. Tax Provisions: Include when there are specific tax implications that need to be addressed
6. Further Assurance: Added when parties need to commit to additional actions to perfect the assignment
7. Costs and Expenses: Include when there's a need to specify who bears the costs of the assignment and novation
1. Schedule 1 - Original Agreement: Copy or details of the agreement being assigned and novated
2. Schedule 2 - Assigned Rights and Novated Obligations: Detailed list of specific rights and obligations being transferred
3. Schedule 3 - Consideration Details: Details of any payment or consideration structure
4. Schedule 4 - Completion Requirements: List of actions or documents required to complete the assignment and novation
5. Schedule 5 - Existing Third Party Consents: Copies of any required third party consents obtained
Authors
Financial Services
Real Estate
Construction
Manufacturing
Technology
Energy
Telecommunications
Healthcare
Professional Services
Retail
Infrastructure
Mining and Resources
Legal
Finance
Compliance
Risk Management
Corporate Secretariat
Operations
Commercial
Business Development
Mergers & Acquisitions
Project Management
Legal Counsel
Contract Manager
Business Development Manager
Corporate Secretary
Chief Legal Officer
Chief Financial Officer
Compliance Officer
Risk Manager
Project Manager
Operations Director
Commercial Director
Mergers & Acquisitions Manager
Find the exact document you need
Contract Novation Letter
A formal letter under Malaysian law that documents the transfer of contractual rights and obligations from one party to another, with the agreement of all involved parties.
Assignment And Novation
A Malaysian law-governed agreement that enables the transfer of contractual rights and obligations from one party to another, combining both assignment and novation elements.
Partial Novation Agreement
A Malaysian law-governed agreement that enables the partial transfer of contractual rights and obligations from one party to another while retaining certain obligations with the original party.
Novation Of Lease Agreement
A Malaysian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant with landlord's consent.
Novation Employment Contract
A Malaysian law-governed agreement that transfers employment from one employer to another while maintaining employment continuity and existing terms.
Novation And Amendment Agreement
A Malaysian law-governed agreement that transfers contractual rights and obligations to a new party while amending the original contract terms.
Letter Of Novation
A Malaysian law-governed document that transfers contractual rights and obligations from one party to another, with all parties' consent.
Download our whitepaper on the future of AI in Legal
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.