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Mutual Termination Agreement Employment
I need a Mutual Termination Agreement Employment for a UAE-based technology company, where a senior software developer is leaving amicably to join a competitor on March 15, 2025, and we need to address post-termination non-compete obligations and confidentiality provisions.
1. Parties: Identification of the employer and employee with full legal names and details
2. Background: Brief overview of the employment relationship, including start date and position
3. Definitions: Definitions of key terms used throughout the agreement
4. Mutual Agreement to Terminate: Clear statement of mutual consent to terminate the employment relationship
5. Effective Date of Termination: Specification of the last day of employment
6. Final Settlement: Details of final salary, end of service gratuity, and other entitlements
7. Release and Waiver: Mutual release of claims and obligations post-termination
8. Company Property: Requirements for return of company property and documentation
9. Confidentiality: Ongoing obligations regarding confidential information
10. Governing Law: Confirmation of UAE law as governing law
11. Execution: Signature blocks and execution details
1. Non-Competition: Include if the original employment contract contained non-compete provisions that will survive termination
2. Handover: Include if there are specific handover requirements for the role
3. References: Include if parties agree on the content and provision of employment references
4. Visa and Immigration: Include for expatriate employees requiring visa cancellation
5. Garden Leave: Include if there is a period between agreement signing and final termination date
6. Post-Termination Assistance: Include if employee agrees to provide assistance after departure
7. Benefits Continuation: Include if any benefits will continue post-termination
8. Outstanding Loans: Include if there are any outstanding loans or advances to be settled
1. Schedule 1 - Final Settlement Calculation: Detailed breakdown of all financial entitlements and deductions
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Handover Checklist: Detailed list of tasks and documents to be handed over
4. Appendix A - Original Employment Contract: Copy of the original employment contract being terminated
5. Appendix B - Employee Clearance Form: Standard company clearance form confirming return of all company property and settlement of dues
Authors
Banking and Financial Services
Technology
Real Estate
Construction
Healthcare
Retail
Manufacturing
Education
Professional Services
Hospitality
Energy
Transportation and Logistics
Media and Entertainment
Telecommunications
Human Resources
Legal
Compliance
Employee Relations
Personnel Administration
Corporate Secretariat
Internal Audit
Risk Management
HR Manager
Legal Counsel
HR Director
Chief Human Resources Officer
Employment Lawyer
HR Business Partner
Compliance Officer
HR Administrator
Legal Manager
Personnel Manager
Employee Relations Manager
HR Operations Manager
General Counsel
Company Secretary
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