Deed of Novation
If you’ve been running your business as a sole trader and have now switched to a company structure, this Novation Deed helps you transfer your existing client contracts from you personally to your company. It ensures your company takes over all rights and responsibilities, and your clients formally agree to the change protecting you from ongoing personal liability.
Make the switch from sole trader to company, stress-free.
When you’ve grown your business and moved from being a sole trader into a company structure, you’ll often need to transfer your existing contracts into the company’s name. That’s where this Novation Deed comes in.
This template allows you to seamlessly replace yourself (as an individual) with your new company in your existing contracts. It ensures your company steps into your shoes for both rights and responsibilities, and your client or customer formally agrees to the change. No awkward gaps. No legal headaches. Just a clear, professional document you can customise and use straight away.
About the Template
Developed by seasoned legal professionals, our templates are designed for ease and effectiveness. Each template is clear and user-friendly, allowing you to customise the essential details to align perfectly with your business needs.
Bonus Links: For extra guidance, check out our blog articles on...
How to know it’s time to stop being a Sole Trader
When to Move from Sole Trader to a Company - A Guide for Virtual Assistants
What’s included?
Your template purchase includes:
- Templates in Word format
- Template User Guide pdf – Handy hints on how to update your template
- Single user licence to edit, use and reuse the template as often as you need for your business
- BONUS: Future template updates
- BONUS: Video Guide – This video walkthrough is designed to guide you step-by-step through the template, providing clear instructions and assistance to help you successfully complete it with a few tips thrown in for good measure!
Got questions? Check out our FAQs below.
- Ready-to-use template – plug in your details and go.
- Covers all parties – outgoing sole trader, incoming company, and continuing client/customer.
- Plain English drafting – no stuffy legalese, easy for you and your client to understand.
- Includes execution blocks for both individuals and companies.
- User guide included so you know how to complete and use it correctly.
Who is this for?
- Sole traders who have set up a company and want their contracts moved into the company’s name.
- Small business owners who want a professional, legally solid way to document the transition.
- Creative entrepreneurs, service providers, and online business owners working with clients under ongoing agreements.
What is it for?
- To transfer an existing contract from you personally (as a sole trader) to your new company.
- To get your client/customer’s consent to the change.
- To ensure you’re no longer personally bound by the contract once your company takes over.
IMPORTANT
Purchasing our fill in your blanks templates for you to customise and ensure they suit you and your business needs, utilising our free resources or having a chat with us as part of a consultation doesn’t create a lawyer-client relationship between you and Foundd Legal (sorry!). It also doesn’t constitute legal advice. Please consult with a lawyer for any questions.
Our templates have been designed to cater to general contractual needs and, in some cases, specific industry requirements. However, they may not encompass all unique aspects or specific needs of your situation or industry. If you require specific terms, conditions, clauses, or provisions not covered in the template you purchase, we strongly recommend seeking professional legal advice. By using our templates, you acknowledge that they may not fully cover the intricacies of your individual circumstances and agree to modify and adapt the content as necessary to meet your specific requirements. We are not responsible for any omissions or the suitability of any template for your particular needs.
We do offer templates for countries outside of Australia, you will see on the specific template page which country or countries the template is available for, just make your selection! Unfortunately at this time, we are only offering templates for the countries specified.
Our templates are however customisable for countries outside of Australia, and whilst they are a good base and potentially save you money getting something created from scratch, it would be prudent to have a lawyer in your country to review the template especially if you have any questions. You get a single user licence and can re-use the templates you purchase as many times as you want for your own business needs! But keep in mind we’re a small business just like you, offering a service and we need more people like you to help us continue to grow - just like you! So from the bottom of our humble hearts, thank you for making a legit purchase and not sharing! Use of this Site and your purchase of any digital products or downloading of any free resources, are subject to our Terms and Conditions.
Have more questions? Read our FAQs