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Termination Agreement

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Termination Agreement

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Also know as a compromise agreement. Use this termination agreement to protect and finalise how the employee/employer relationship and employment contract will end. In the agreement the employee receives a negotiated financial sum in exchange for agreeing not to pursue any claims in court or in a tribunal. An Ex-gratia payment under 30,000 can be tax free.

When a key employee leaves your/their employment, there are many issues that are a concern and crucial to both parties which need to be clarified. Discussing and agreeing these key issues which may be in dispute or breach of contract and agreeing them in writing will provide protection and avoid complications and claims after the employment has ended.

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  • Termination/Compromise Agreement

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Use this professionally drafted template and save yourself a lot of time and money. You can download after payment, which mean you can start straight away. All these documents are from professionals in this field. You can amend this termination agreement to suit your precise commercial requirements by adjusting the wording to suit your purposes. This termination agreement is a template created by Legal Professionals.


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