Document background
The Mutual Employment Termination Agreement is a crucial document used in Hong Kong when both employer and employee agree to end their employment relationship by mutual consent. It is commonly used in situations where parties wish to document a clean break and avoid potential future disputes. The agreement should comply with Hong Kong employment laws, particularly the Employment Ordinance (Cap. 57), and typically includes provisions for final payments, benefit arrangements, confidentiality obligations, and mutual releases. This document is especially valuable in scenarios involving senior executives, sensitive departures, or complex compensation arrangements, as it provides clarity and legal certainty for all parties involved. The agreement should be tailored to address specific circumstances while ensuring all statutory requirements under Hong Kong law are met.
