Clarification on what's required to move to new MBP with M1 Max

Hello
I currently have a mid-2014 MBP (i7-4980HQ 2.8GHz) running Big Sur v 11.6 and Windows 10 Pro (build 19041.630) via Parallels v17.1.0. I have a new MBP with the M1 Max arriving in a couple of weeks time. My basic question is what are the steps I should be going through to have Windows/Parallels running on the new MBP? (The old MBP will be reset for passing to a new user.)
Should I move everything across to the new MBP via Migration Assistant and then let Windows do any updates?
Should I deregister Parallels on the old MBP then install a fresh copy of Parallels and Windows 10 Pro on the new MBP?
Or do I deregister Parallels on the old MBP, install Parallels on the new MBP, download and install the Windows Client ARM64 Insider Preview VHDX image? (However, if I do this, how does the VHDX image know that I have a valid copy of Windows 10 Pro?)

 

MichaelH63 Hi
Many thanks for your reply. I have managed to find the relevant post, I think (https://forum.parallels.com/threads...w-m1-with-monterey-win-11.355176/#post-893861). I'll work my way through this.
Also, having now seen Maurice8's original post, he/she pretty much asks the same question. Apologies for posting the same question. I did do a search before I posted but didn't see that post.

 

Thanks for the update, MichaelH63
I had a quick go at running the uupdump.cmd however it doesn't seem to want to run in the VM so will have a go on the other half's Windows PC when she's not looking )