If you are a limited company and have appointed Directors for your company, those Directors should have a contract with the company called a Service Agreement.
This is similar to a contract of employment but is targeted at the specific duties and responsibilities a Director may have and is a contract under which a Director of a company undertakes personally to perform services for the company.
What it must cover
A Service Agreement must cover a whole host of important information, terms and conditions so it is important to have such a document professionally drafted to ensure that both the business and the Director are protected and know what is expected of them.
There can be significant difficulties caused for an employer by not having this document in place, including possible financial penalties should a legal claim be brought by a Director.
How we can help
Our specialist employment solicitors have a wealth of knowledge and experience in drafting service contracts that are tailored to each individual business. We will give you all the advice and guidance you need to make sure that your businesses best interests are safeguarded at all times.
If you would like more information or just want a confidential, no obligation chat about your options, contact our highly experienced team today.