Document background
The Employment Termination Agreement is a crucial document used in Hong Kong employment relationships when formalizing the end of employment between an employer and employee. It is typically used in both mutual separation scenarios and unilateral terminations where parties agree to documented terms. The agreement must comply with Hong Kong's Employment Ordinance and related employment legislation, addressing mandatory requirements such as statutory payments, notice periods, and leave entitlements. This document serves multiple purposes: it provides legal certainty, prevents future disputes, ensures proper handling of confidential information, and documents any post-employment obligations. The agreement can be customized to include various elements such as additional payments, benefits continuation, or restrictive covenants, while ensuring all terms remain compliant with Hong Kong employment law.
