For employers, a termination agreement can offer an attractive opportunity to counteract the risks associated with a dismissal and a dismissal protection lawsuit. Often, even after a notice of termination has been issued and following prolonged disputes between the parties to an employment contract, a termination agreement is concluded.
Following a detailed initial consultation on the subject of termination agreements (mutual termination of employment), the first step is to define the fundamental objectives and the further course of action regarding the employee.
Numerous details must be considered: Should severance pay be provided? What constitutes an appropriate amount of severance pay? Other questions relate to release from duties, compensation for vacation entitlements, outstanding wage claims, the employment reference, etc.
Based on this, a draft termination agreement is prepared, taking into account legal principles. This approach allows for the avoidance of lengthy court proceedings by creating an amicable, out-of-court solution.
Our labor law attorneys will assist you in drafting a termination agreement and reviewing any termination agreements proposed by your employee. We also handle negotiations between the parties, if desired. Please contact us.
