Document background
The Full and Final Settlement Agreement is a crucial document used in Swiss jurisdiction to conclusively resolve disputes between parties. It is typically employed when parties wish to terminate ongoing litigation, settle potential claims, or resolve employment-related disputes. The agreement's primary purpose is to provide certainty and finality to all parties involved by documenting the complete terms of settlement, including any financial compensation, mutual releases, and ongoing obligations. Under Swiss law, such agreements are particularly significant as they effectively bar future claims relating to the settled matters. The document must comply with Swiss legal requirements, particularly those set out in the Swiss Code of Obligations regarding contract formation and validity. It is commonly used in both commercial and employment contexts, requiring careful consideration of tax implications, social security aspects, and any regulatory requirements specific to the relevant sector.
