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Shareholders' Agreement

Directors’ Service Agreement

£75.00

 

A Director’s Service Agreement. A company is a separate legal entity. A company employs each director (even if that director is also a shareholder.) Think of the Director’s Service Agreement as a type of employment contract. You need it to be clear about the rights, responsibilities and expectations of the company and the director.

Whether you are just setting a company or taking on a new director this is an essential document.

 

 

 

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Categories: Business Savvy Legal Documents, Company Law Documents
  • Description

Description

 

Director’s Service Agreement

This is a written employment contract between the director and the company.

Why do we need a Director’s Service Agreement? 

Firstly,  as an employer, a company must give the director important information about their employment. Both the company and the director to understand and agree the director’s role.

Secondly, having a written agreement makes this much easier and clearer. It means you can explain important information

  • Basic information – like the director’s hours of work, salary
  • What’s expected from the director – their duties and responsibilities
  • Arrangements for things like sickness and holidays
  • What happens if things go wrong – discipline and grievance
  • Ending the relationship – including notice periods and payment
  • Protecting the company by explaining what a former director can and can’t do once they’ve left
  • The Director’s legal responsibilities
How do I use the document? 
Download and follow the easy to understand instructions on the document. If you need help or additional support email support@lawhound.co.uk for details of our various fixed cost review services and call services.

 

 

 

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