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At the heart of any successful company is a solid leadership team, including its directors. A director’s service agreement is a crucial component of that team, outlining the expectations of both the company and its appointed director. As solicitors, we take pride in providing comprehensive support in drafting and navigating these legally binding contracts. Our expertise in this field ensures your company and its directors are protected and informed, setting the stage for a long and prosperous business relationship. Let us help you establish a clear and effective director’s service agreement today.
A director’s service agreement is a legally binding contract between a company and an individual who is appointed as director of that company. The agreement sets out the terms and conditions of the director’s appointment, outlining their duties, rights, responsibilities and obligations.
Directors have specific duties towards a company and its shareholders, in general and under legislation such as the Companies Act 2006. A well-drafted agreement helps to ensure that the director understands and complies with these obligations, helping to promote good corporate governance practices. The agreement will also seek to protect the company’s interests including confidentiality, intellectual property and non-compete obligations.
Our expert lawyers are able to assist in both drafting and updating director’s service agreements. Whether you are a director or company looking to enter into a director’s service agreement, we can work with you to ensure that the agreement governing the contractual relationship is suitable and clear.
Deputy Managing Partner
Please find below some FAQs regarding Director's Services Agreements
The agreement itself would stipulate what action may be taken upon breach. These remedies may include legal action, financial penalties and termination of the agreement etc.
Terms may include duties and responsibilities, term, termination, remuneration, confidentiality, non-compete, intellectual property, indemnity and insurance. Our specialist lawyers can advise you on the suitability of these terms and whether they will be required to meet your business needs.
Please submit your information and a member of the Poole Alcock team will respond to you as soon as possible. If you have a quick question, please feel free to call 0800 470 0334.
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