Novation and Assignment Agreement
Novation and Assignment Agreements
Transfer a contract to another party properly — because assignment moves benefits and novation moves obligations, and confusing them is costly.
- Advocates & Solicitors
- Offices in Kuala Lumpur & Johor Bahru
- Confidential, no obligation
Real lawyers, one team behind every matter
Who this is for
Sound familiar?
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
What's at stake
What is really at stake
- 01A business is sold, a group restructures, or a party wants out of a contract.Someone drafts a letter transferring it.
- 02Assignment 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.
In plain words
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.
What good looks like
Imagine a transfer where the outgoing party is genuinely released, the incoming party is bound, the counterparty has consented, and the contract continues without interruption.
What you get
What we deliver
Scope and fee are agreed in writing before any work starts, so you know exactly what you are getting.
- 01
Advice on the appropriate instrument
- 02
Transfer restriction and consent review
- 03
Novation or assignment drafted
- 04
Consents obtained from counterparties
- 05
Accrued rights, liabilities and notice provisions
How we work
Clear from the first conversation
- 1
Send a short request
Tell us what the matter is about. It takes under a minute and stays confidential.
- 2
Akmal sets a time with you
We reply within 30 minutes in office hours to arrange your consultation, online or at our KL or JB office.
- 3
Advice, then a written proposal
You get a clear view of the issues and options, then a written scope and fee proposal.
- 4
Work begins on the agreed scope
Akmal leads the matter with a team of our lawyers, working to the scope you approved. You get regular updates at every key step.
Who leads your matter
Led by Akmal Saufi, supported by our team
Akmal leads your matter as Partner. Depending on the work, other lawyers in our team handle parts of it day to day, with Akmal overseeing the matter.
Akmal Saufi
Partner, Messrs Akmal Saufi & Co
- Advocate & Solicitor, Malaysia
- Over 13 years in transactional work: M&A, joint ventures, land and infrastructure
- LLB (Hons), International Islamic University Malaysia
The team behind your matter
Meet the team →Who we have acted for
Organisations we have acted for
Federal government agencies & statutory bodies
Johor state bodies & local authorities
Government-linked companies
Private sector & NGOs
Shown with permission. Government agencies, statutory bodies and government-linked companies are identified as such. Their inclusion does not imply endorsement by any government, ministry or agency.
Next step
Request a consultation with Akmal
- 1Send a short request. It takes under a minute.
- 2Akmal reviews it and arranges a time with you.
- 3You get clear advice, then a written scope and fee proposal.
We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm
Your details stay confidential. Sending a request does not mean you have appointed us.
- Licensed advocates & solicitors
- Professional indemnity insured
- Offices in KL & JB
Questions
Frequently asked questions
Still unsure? Send a short request and Akmal will tell you plainly whether and how we can help.
What is the difference between novation and assignment?
Can we assign without the counterparty's consent?
Does the outgoing party stay liable?
What is Legal That Works?
What if I’m not sure what legal service I need?
Who will be helping me?
Before you sign
The cost of waiting
An assignment where a novation was needed leaves the outgoing party still liable, often without realising it until a claim arrives.
We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm
