Why does the transaction contract contain a long list of irrelevant receivables? If you sign a transaction agreement, your employment will end. As a general rule, you will receive a sum of money in exchange for the loss of your job and certain employment rights. Of course, if your notice period is very long, for example. B 6 months, then you are less likely to get something about it, because an employment tribunal would normally only allocate enough money to a successful complainant to flood it until they find a new job. (See also our article on payment instead of termination.) You would tend to get more in your settlement contract, where you worked for your employer for a long time, because you probably forged more loyalty there. Your knowledge of the business could also be greater, so things like transfers are more valuable. Transaction agreements are also offered to workers when an employer feels that it is not doing well in its work or is guilty of wrongdoing. In some cases, an employee will be aware that his boss is unhappy, while for others, a transaction contract may come as a shock. References, cooperation after employment, restitution of company ownership and reintegration policy may occur. For a transaction contract to be valid against you, it must refer to certain sections of labour law. It must also contain clauses that say you are waiving some (or all) of your labour rights. . Many of the terms used have specific meanings that are necessary to give the transaction agreement its intended effect.

A transaction agreement – once called a compromise agreement – is a document that defines the terms of an agreement that you voluntarily sign as a worker and your employer. In some plans, you can stay indoors for the period your employer paid. Other systems require this benefit to end on the last day of employment. However, it is always a good idea to know if the insurer offers extended terms if you stay in the system as an individual, once your contract has been terminated, if there is no break. This issue can be considered before the termination date. The protection of confidential information is generally essential for a company and, therefore, compromise agreements often contain confidentiality clauses, the employee agrees: other conditions that can be negotiated are confidentiality clauses; clauses that expect you to “not denigrate badly” your employer (you can ask them the same thing); Holidays in the garden and maintaining ownership of the business such as a car or phone. Be realistic, but don`t be afraid to ask what you want, especially when it`s not just about money.