A very important point is that, in order to be valid and binding, the transaction treaty must meet a number of legal requirements, including that it must be written and indicate specific complaints that the agreement is being settled. A transaction agreement is a legally binding agreement after your employment is terminated between your employer and your employee. It is often used as a means of resolving a claim or disciplinary action during your employment or in certain cases of dismissal. A conciliation agreement, formerly known as a compromise agreement, is precisely this; resolution/settlement between the parties. The settlement of the action defines the legal requirements of the parties and is often enforced by a court order according to a common provision by the parties. In other cases (such as where the fees have been met by the payment of a certain amount of money), the plaintiff and the defendant can only file the rejection of the proceedings. [2] It is important that the agreement reached is fair. Each case is different; one person could look for money while another may need a good referral, or even return to work after his or her dismissal. Most transaction agreements lead to a “clean break” – where workers and employers share the business – but sometimes the employment relationship continues after that. Here are some examples: it means that the draft agreement is “off the table” and cannot be presented to a court as evidence of a confession against one of the parties. The legal concept “without prejudice” is based on the principle that it is useful for the parties to speak freely when trying to reach an agreement. If they know that everything they say in these discussions cannot be used as evidence against them, then it allows the parties to be more open.

A transaction agreement (formerly known as a compromise agreement) is a legally binding agreement between you and your employer. This generally provides for an employer`s severance pay in exchange for your consent not to make claims in court or court. As a general rule, the employer requires that you keep the conditions, such as. B the amount and circumstances of termination of your contract. A transaction contract is a legally binding contract between the employer and the worker, which may have rights that the worker may have against his employer.