1. Conditions Precedent: Include when the novation is contingent on certain conditions being met before becoming effective

2. Costs: Include when there needs to be a specific agreement about who bears the costs of the novation

3. Confidentiality: Include when the parties wish to keep the terms of the novation confidential

4. GST: Include when the novation involves the transfer of contracts with GST implications

5. Assignment: Include when parties wish to restrict future assignment of rights under the novation agreement

6. Amendments to Original Contract: Include when the parties wish to make modifications to the original contract as part of the novation

7. Notices: Include when formal notice provisions are required, particularly for complex or long-term contracts

1. Original Contract: Copy or details of the contract being novated

2. Specific Obligations: Detailed list of specific obligations being transferred, if not all obligations under the original contract are being novated

3. Completion Requirements: List of any documents or actions required to complete the novation

4. Existing Securities: Details of any securities, guarantees, or other collateral arrangements that need to be transferred or replaced

5. Payment Details: Schedule of any payment arrangements or outstanding amounts under the original contract