Contracting officers shall process and execute novation agreements in accordance with FAR Subpart 42.12, Novation and Change-of-Name Agreements. These actions are independent of code and name assignments made as a result of the occasion which created the need for the novation agreement. The maintenance activity will determine which entity(s) will retain the existing code(s) and which entities will be assigned new codes. The contracting officer responsible for processing the novation agreement shall provide the maintenance activity with the following information:
(a) Name(s), address(es), and code(s) of the contractor(s) transferring the original contractual rights and obligations (transferor).
(b) Name(s), address(es), and code(s) (if any) of the entity who is the successor in interest (transferee).
(c) Name(s), address(es), and code(s) (if any) of the entity who is retaining or receiving the rights to the technical data.
(d) Description of the circumstances surrounding the novation agreement and especially the relationship of each entity to the other.
