You want to ensure that you have separate contractual set-off for the debts of the company`s directors and that the company covers them as part of insurance for directors and senior executives. You also want to check the terms of a service contract or letter of appointment. Typical topics that need to be negotiated in a service contract are termination provisions, the possibility for the company to put you on a garden vacation, the extent of your obligations, and your overall compensation package. You may also be asked to file an instrument of destruction of competition that needs to be carefully considered. .