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1. Parties: Identification of all three parties: the original contracting parties (Continuing Party and Outgoing Party) and the New Party
2. Background: Details of the original contract, reason for novation, and context of the transfer
3. Definitions: Definitions of key terms, including 'Effective Date', 'Original Contract', 'Novated Obligations', etc.
4. Interpretation: Rules for interpreting the agreement, including references to time, currency, and other general interpretative provisions
5. Novation: Core clause establishing the novation, transfer of rights and obligations, and release of the Outgoing Party
6. Effective Date: Specification of when the novation takes effect and any conditions precedent
7. Rights and Obligations: Detailed description of the rights and obligations being transferred to the New Party
8. Continuing Party Consent: Express consent of the Continuing Party to the novation and acknowledgment of the New Party
9. Payments and Consideration: Financial arrangements, including any payments between parties and settlement of existing accounts
10. Representations and Warranties: Standard warranties from all parties regarding capacity, authority, and validity
11. Governing Law and Jurisdiction: Explicit statement of Qatari law as governing law and jurisdiction for disputes
1. Security Arrangements: Include when existing security needs to be released or new security arrangements are required
2. Intellectual Property: Include when the novated contract involves IP rights or licenses
3. Confidentiality: Include when specific confidentiality obligations need to be established between all parties
4. Tax Provisions: Include when there are specific tax implications or requirements related to the novation
5. Employee Matters: Include when the novation involves transfer of employees or employment-related obligations
6. Transition Arrangements: Include when specific transitional provisions are needed for complex transfers
7. Islamic Finance Compliance: Include when the contract involves financial arrangements that must comply with Sharia principles
1. Original Contract: Copy or summary of the original contract being novated
2. Transferred Rights and Obligations: Detailed list of all rights and obligations being transferred from Outgoing Party to New Party
3. Payment Schedule: Details of any payments or financial settlements between parties
4. Outstanding Matters: List of any pending obligations, disputes, or matters to be resolved
5. Required Consents: List of third-party consents obtained or required for the novation
6. Completion Requirements: Checklist of actions required to complete the novation process
7. Form of Notices: Template notices required to effect the novation
Original Contract
Effective Date
Completion Date
Continuing Party
Outgoing Party
New Party
Novated Obligations
Novated Rights
Outstanding Liabilities
Completion Requirements
Business Day
Confidential Information
Contract Documents
Governing Law
Intellectual Property Rights
Liability
Material Adverse Effect
Notices
Parties
Related Agreements
Representatives
Security Interests
Transition Period
Working Day
Original Contract Date
Assignment Date
Consideration
Encumbrance
Force Majeure
Novation
Permitted Assignment
Qatar Business Day
Required Consents
Surviving Obligations
Transfer Date
Warranties
Accrued Rights
Applicable Law
Claims
Dispute
Islamic Finance Requirements
Performance Obligations
Regulatory Approvals
Sharia Principles
Novation
Transfer of Rights and Obligations
Release of Outgoing Party
Continuing Party Consent
Payment Obligations
Outstanding Liabilities
Representations and Warranties
Conditions Precedent
Completion Requirements
Security Arrangements
Confidentiality
Intellectual Property
Assignment and Transfer
Notices
Force Majeure
Dispute Resolution
Governing Law and Jurisdiction
Entire Agreement
Severability
Amendment and Waiver
Costs and Expenses
Third Party Rights
Counterparts
Language
Sharia Compliance
Data Protection
Authority and Capacity
Transition Arrangements
Insurance
Indemnification
Termination
Survival of Obligations
Time of Essence
Further Assurance
Construction
Infrastructure
Real Estate
Project Development
Engineering
Financial Services
Manufacturing
Energy
Transportation
Technology Services
Telecommunications
Government Services
Commercial Property
Professional Services
Legal
Commercial
Contracts
Project Management
Operations
Procurement
Compliance
Risk Management
Finance
Business Development
Corporate Governance
Legal Counsel
Contract Manager
Project Manager
Commercial Director
Chief Legal Officer
Business Development Manager
Construction Manager
Procurement Manager
Company Secretary
Risk Manager
Compliance Officer
Operations Director
Financial Controller
General Counsel
Project Director
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