Advise directors

About this business activity

When a company is facing financial difficulties, the directors have a responsibility to act in the best interests of the company and its creditors. This may mean taking tough decisions in order to turnaround the company's fortunes.

Letter Of Advice To Director Or Founder Of University Spin Out Company

The following is advice for directors of university spin-out companies, explaining the nature of their responsibilities. This should be read alongside the Standard documents, Subscription and shareholders' agreement: university spin-out, and Articles of association: university spin-out.

What to watch out for

  • The nature of the directors' responsibilities in a spin
  • out company
  • The standard documents that should be read in conjunction with the advice letter
  • The subscription and shareholders' agreement
  • The articles of association
  • Contract template sketch
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    Relevant Contract Types

    βœ’οΈ Director's responsibilities

    A director's responsibilities covers with regards to the law include complying with the company's constitution, acting in the best interests of the company, and avoiding conflicts of interest.

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