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A deed of novation is a document that is used to transfer all of the rights and obligations under a contract from one party to another. This is typically done when the original party is unable to fulfill their obligations under the contract, and the new party is willing to take on those obligations. The deed of novation must be signed by all parties to the original contract in order for it to be valid.
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Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.
This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.
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