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Nominee Director Contract
"I need a Nominee Director Contract for my UK-based fintech startup, where the nominee director will be based in London and will need specific provisions for cryptocurrency trading oversight and quarterly board meetings starting from March 2025."
1. Parties: Details of the appointing company and nominee director
2. Background: Context of the appointment and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment and duration
5. Duties and Responsibilities: Specific obligations of the nominee director including statutory duties under Companies Act 2006
6. Remuneration: Payment terms and benefits
7. Indemnification: Protection and insurance provisions
8. Termination: Circumstances and process for ending the agreement
1. Non-Competition: Restrictions on competing activities, applicable when protecting business interests is crucial
2. Intellectual Property: IP rights and obligations, relevant when director may be involved in IP creation
3. International Provisions: Cross-border considerations for companies operating internationally
1. Schedule 1 - Services: Detailed list of director services and responsibilities
2. Schedule 2 - Fee Structure: Detailed breakdown of remuneration and payment terms
3. Schedule 3 - Company Policies: Relevant internal policies and procedures
4. Appendix A - Board Resolution: Copy of board resolution appointing the nominee director
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