At Jefferies, we offer you all the advice you need to prepare for a smooth transaction agreement. Including: termination of the employment relationship can be a tense situation for all parties involved, which usually leads to conflict or discomfort and often with the employee seeking some form of relief or compensation. A concordat agreement can be beneficial for both employers and workers and provides certainty that they can move forward without any other connection to the company or in need. If you reached an agreement during a lawsuit and the court froze your claim for a certain period of time („no“) you can ask the court to revive your rights if your employer does not fulfill its part of the agreement within that period. A settlement agreement could involve your employer promising to pay you a sum of money, to stop dealing with you illegally, or both. If a transaction agreement is presented to you, which prohibits you from making any of the above conditions, those clauses should be deleted. But even if you have signed an agreement with the remaining clauses, the confidentiality rules would simply not apply. Reference: An employer is not required to provide you with remuneration, so it is always advisable to ensure that it is bound by the agreement that becomes mandatory for your employer. Most employers provide only a factual indication of the worker`s employment data and professional title. However, it may be possible to negotiate a more personal link, which should in turn be annexed to the agreement. A reference clause should also stipulate that an oral reference to future employers will be no less favourable. All of our lawyers are experienced labour law specialists with years of successful experience in processing settlement agreements. There is also no legal minimum payment under a transaction agreement.
However, you would not receive compensation through a settlement agreement unless the payment to you exceeded the costs of legal advice, document drafting and other legal requirements related to entering into a settlement agreement. Of course, if your notice is very long, for example: 6 months, then you are less likely to get something beyond that, because a labor court would normally only give enough money to a successful plaintiff to flood him until he finds a new job. .