Termination Agreement

A termination agreement is a written document that mutually ends the employment relationship between an employee and an employer. This means both parties agree to terminate the employment, often under specific conditions. For example, an employee might agree to leave the company to take a new job.

Practical relevance: A termination agreement can be beneficial for employees as it may offer a severance package or other advantages. It is crucial to review the agreement carefully to avoid losing rights, such as unemployment benefits (§ 159 SGB III). Do not sign the agreement without fully understanding the terms.

Related documents on DokBrief:

• Termination Agreement Proposal to Employer — Template for proposing to the employer.