I was actually in the final process of submitting a quotation, in which I felt the need for a legal document to bind an agreement between myself and the contractor. I will most definitely recommend this service to all small businesses and no doubt use this service in the near future.
Many thanks LawLive.
The effect of a Deed of Novation is to discharge a previous contract or agreement and enter into a new agreement on the same terms but with one or more of the parties being different. This is different from an Assignment (where the parties do not change). It involves the release of one or more parties from the earlier agreement and their substitution by new parties who take on the obligations of the released parties and also their rights.