While these clauses are typically included in service contracts, there are restrictions of competition on the extent to which you can impose these restrictions, and you should seek legal advice before including these types of restrictive agreements in your administrators` service contracts. Compliance: In addition, English law and customary law impose certain specific responsibilities on directors of companies that must be applied in connection with the services for which they have been appointed. It is important that each director has a service contract with terms that are consistent with the company`s policies and tailored to the specific task they perform, especially if your company is publicly traded or has securities admitted to trading on a regulated exchange, as the key terms of these contracts will most likely need to be disclosed to shareholders and possibly publicly. The Director serves as a director of the Board of Directors and will devote the time and skills reasonably necessary to carry out the duties of his or her office in relation to the role. THIS AGREEMENT FOR DIRECTORS` SERVICES (the “Agreement”) is effective on December 1, 2019 (the “Effective Date”) by and between BLACK KNIGHT, INC., a Delaware corporation (the “Company”), and WILLIAM P. FOLEY, II (the “Foley”). Taking into account the mutual agreements and agreements set forth herein, the parties agree that a director`s employment contract is very similar to an employment contract. Both often include the responsibilities that the director should assume and the rules under which he or she should work. However, it`s important to realize that a basic employment contract that you would use for a junior employee or a model agreement may not address the details required for a business owner`s complex role and tasks.