Who can use this Termination Agreement?
This employment termination agreement is in letter form. You can use it when an employee leaves their job on an amicable basis and receives a goodwill payment.
What detailed terms does it contain?
This letter form of agreement dealing with employment termination consist of 2 pages with 7 clauses detailing:
- termination of contract
- payment of a sum in goodwill by the company
- competition with the company
You need this document if you are a company looking for an agreement which allows you to settle an employee’s departure on an amicable basis.
For more information on each of these sections, see our Explanatory Notes which you will receive when you download the document from our website.
Please note: If you are concerned that the employee might bring a claim and/or there has been some acrimonious negotiation before getting to a settlement, you may want to use a more complicated, formal compromise agreement. That would involve the employee getting independent legal advice before signing. We have a template compromise agreement, document E133
When I download the document, can I change it and/or use it more than once?
Yes, all ContractStore’s templates are in MS Word and you can use the document on more than one project. For more information, watch the video on this page of our website or see our FAQs
ContractStore supplies templates and is not a law firm. But all our templates are written by experienced lawyers so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page.
And if you want to contact us see our Contacts page
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form