A business is sold, a group restructures, or a party wants out of a contract. Someone drafts a letter transferring it.
Assignment generally transfers rights but not obligations. Novation transfers both but needs every party's consent. Using the wrong instrument can leave the original party still liable for a contract it believes it has exited.
Novation and Assignment Agreement
Documentation transferring contracts — novation agreements with all parties, assignments of rights, notice to counterparties, and advice on which instrument is appropriate and what consents are required.
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Picture a transfer where the outgoing party is genuinely released, the incoming party is bound, the counterparty has consented, and the contract continues without interruption.
Who this service is for
This Is For You If…
Businesses transferring contracts on a sale or restructuring
Parties exiting a contract and substituting another
Groups moving contracts between entities
Counterparties asked to consent to a novation
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What we will do for you
This is what we will do for you
Advise whether novation, assignment or a new contract is appropriate
Check the contract for restrictions on transfer and required consents
Draft the novation or assignment and obtain the necessary consents
Deal with accrued rights, liabilities and notice to counterparties
What’s Included
What’s Included in our service for you
Advice on the appropriate instrument
Transfer restriction and consent review
Novation or assignment drafted
Consents obtained from counterparties
Accrued rights, liabilities and notice provisions
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Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
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We've Helped
You Need To Act Now
Important: Limited Slots
An assignment where a novation was needed leaves the outgoing party still liable, often without realising it until a claim arrives.
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No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
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Frequently Asked Questions
What is Legal That Works?
Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goal.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
What is the difference between novation and assignment?
Assignment transfers rights. Novation transfers rights and obligations, and needs everyone's consent.
Can we assign without the counterparty's consent?
Only if the contract permits it. Many contracts restrict or prohibit assignment.
Does the outgoing party stay liable?
Under an assignment, often yes. Under a properly drafted novation, no.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
