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Director's service agreements
When employing a director in a limited company it is very important to have a director’s service agreement in place in order to protect your company’s interest. Typically director’s service agreements should include provision in relation to the following:
- a clause to protect confidential information and intellectual property belonging to the company
- restrictive covenants to protect your goodwill and business interests
- clauses to give the company the ability to place a director on garden leave or make a lawful payment in lieu of notice
- provisions as to how a director’s legal position at Companies House should be dealt with on termination of employment
- a clear definition of a director’s duties and responsibilities to the company
- adequate clauses dealing with such matters as company cars, pensions and fringe benefits such as medical insurance
How can Linder Myers help?
We can assist employers in drafting comprehensive service agreements with a view to protecting your business interests in all areas of employment law. We can also assist directors in negotiating amendments to director’s service agreements that are provided to them by their employer.
Why choose Linder Myers?
Our dedicated team of specialist employment solicitors have a wealth of experience between them in acting for both employers and directors in the negotiation and drafting of director’s service agreements. We have access to the most up to date legal precedents and materials. We also have extensive experience of litigation arising out of disputes concerning director’s service agreements and therefore know the pitfalls that should be avoided when drafting or negotiating such agreements.
