Templates

Director’s Service Agreement

This document is an employment contract (or service agreement) that contains the key information, responsibilities, and rights between an executive director and a company. Read more
Legislation GB-EAW
Topics Updated by a lawyer: 1 Feb 2023

What is a director’s service agreement?

When to use: The addition of an executive director to your board comes with a series of requirements, including the necessity to define the relationship. For this, you would need a director’s service agreement, which would essentially set out key points of interest relating to this executive director.

What it contains: This document template is an employment contract (or service agreement) that contains the key information, responsibilities, and rights between an appointed executive director and a company. It contains the key terms of what the director can expect from their role, and expressly appoints them to the board of directors.

IP rights: This document assumes that the director may or will be creating intellectual property rights during their employment. If this optional clause is included, the document will need to be executed as a deed (in other words, stated to be a deed, and signed in the presence of a witness) as this clause allows the company to act as power of attorney for the director. The template will automatically adapt depending on whether or not you choose to include the IP clause.

This document assumes that the company is registered in the UK and that English law governs the terms.

High-quality end result with Docue

Docue’s director’s service agreement template is lawyer-made, lawyer-maintained, and has lawyer-crafted guidelines to steer you through every stage of drafting your agreement. Simple and easy: Docue allows your business to create, customise, sign, store, and manage your agreements all in one place. Simply click through the intelligent tick box options and text box answers and you’ll have a comprehensive, tailored, and ready-to-use founder's service agreement in no time.

Full contract process: Once you have created a contract that is tailored to your business needs, you can send the contract to each of the parties for electronic signature. After the contract is signed, you can store the agreement in Docue’s smart storage vault to ensure you always have quick and easy access to your contracts in one place. You can ensure you never miss a contract renewal again by enabling Docue’s handy reminders to notify yourself of the next upcoming deadline.


Tags: Director’s service contract, director's employment contract, director's appointment

Legislation GB-EAW
Topics Updated by a lawyer: 1 Feb 2023

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