Document background
The Termination by Agreement is a crucial document used when parties mutually decide to end their contractual relationship under Swiss law. This type of agreement is particularly valuable when parties wish to achieve a clean break while ensuring all aspects of the termination are properly documented and legally binding. It is commonly used in various contexts, from employment relationships to commercial contracts, and must comply with Swiss legal requirements, particularly the Swiss Code of Obligations. The document typically includes provisions for the termination date, financial settlements, mutual releases, return of property, and any surviving obligations. It serves as a comprehensive record of the parties' agreement to terminate their relationship and helps prevent future disputes by clearly documenting all aspects of the termination.
