Experience has taught us time and time again that properly drafted executive service agreements can be worth their weight in gold.
Experience shows that businesses which take the time to properly consider the terms and conditions of employment that they offer to their senior employees and executives are likely to be attractive to potential new hires. In addition, well drafted service agreements can assist with the engagement and retention of key existing members of staff (reducing the risk that they may one day be tempted to leave and try their luck with a competitor).
However and as with most other things in life, there is a balance to be struck between incentivising and rewarding key employees and protecting the interests of the business. With that in mind we also take the time to get to know your business and work with you in order to ensure that the service agreements that we prepare for you adequately protect those interests. Examples of the types of additional issues our lawyers commonly address with clients when undertaking this type of work include:
- Notice periods
- Restrictions on other employment
- Garden leave
- Confidential information
- Intellectual property
- Bonus schemes
- Restrictive covenants
We're happy to agree a deadline with you for carrying out work in connection with the preparation and drafting of an executive service agreement or a directors service agreement. We also offer a range of pricing options including fixed fees.
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For advice tailored to the needs of your business, call our York, Leeds or Sheffield offices to speak to our team of expert solicitors or click here to send us an enquiry.
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