Director’s Service Agreement
Company directors play a crucial role in guiding an organisation towards its objectives. Therefore, having a robust Director’s Service Agreement is essential to ensure that a newly appointed director acts in the best interests of the company and its members.
At Cocks Lloyd Solicitors Ltd, our Company Law Solicitors can draft, review, and update your organisation’s Director’s Service Agreement. These agreements must be carefully tailored to meet the specific needs of your business, ensuring they are clear, relevant, and legally sound. Our Company Law Solicitors have a strong reputation for creating highly effective Director’s Service Agreements for businesses in Nuneaton, Warwickshire, and beyond.
We are a diverse, multi-lingual law firm that utilises cutting-edge technology to provide clients with streamlined, modern, and highly effective employment law advice and representation. Our extensive experience in company law has earned us a robust reputation for excellence, working with the UK’s top Barristers and King’s Counsel, and business psychologists who, when needed, provide additional support to our Corporate Law Department.
Common FAQs About Director’s Service Agreements
What is the difference between a Director’s Service Agreement and an Employment Contract?
A Director’s Service Agreement includes the basic information found in an Employment Contract, but it also provides more detailed information about the director’s role and responsibilities. It sets out compliance requirements related to directors’ duties under the Companies Act 2006 and outlines expectations regarding decision-making.
What should be included in a Director’s Service Agreement?
In addition to essential employment details, a Director’s Service Agreement may include:
- Renumeration – This should be transparent and aligned with company policy on remuneration, including bonuses and share options.
- IP protection and confidentiality policies – Directors have access to critical company information and intellectual property. Clauses should be included to prevent directors from disclosing information that could harm the organisation after their tenure.
- Restrictive covenants – To prevent directors from joining a competitor or starting a rival business, it’s vital to include restrictive covenants. These must be carefully drafted to be enforceable by the Courts if breached.
Depending on your business sector, our Company Solicitors may also recommend including clauses on dispute resolution, grounds for dismissal, and an exit strategy.
Why Choose Us?
Our Company Law Solicitors have been advising business owners throughout the West Midlands for many years. We are proud of our personal service to all our clients and strive to be available by phone and respond to emails within 24 hours. As a full-service law firm, we can also provide advice on other matters such as commercial property and dispute resolution.
Our Solicitors are businesspeople themselves, so we understand that every decision must consider commercial reality. We receive most of our instructions through word-of-mouth recommendations because company directors and business owners throughout the West Midlands trust our expertise to meticulously handle every legal aspect of their Director’s Service Agreements.
Our advice is sharp, practical, and tailored to your commercial objectives. Our agility and investment in technology mean many of our processes are automated, reducing fees and ensuring your investment is directed towards acquiring our expertise, solving your problems, and positioning you to seize opportunities.
We are focused on results and achieving them swiftly and cost-effectively. Our Company Law Solicitors will take care of your legal concerns so you can concentrate on your organisation’s future growth and prosperity.
Cocks Lloyd Solicitors provides exceptional Director’s Service Agreement and Company Law services to clients. People choose and recommend us not just in Nuneaton, Tamworth, Atherstone, Hinckley and Leicester, but across Warwickshire, Staffordshire, Leicestershire and the West Midlands, and the whole of the UK, because we get results.
To receive expert advice and representation regarding Director’s Service Agreement and Company Law, please contact us using the form below, call us on (0247) 6641642, email via the Request a Callback form on this contact page.