Document background
The Mutual Agreement Termination Of Employment Letter is utilized when both an employer and employee in Hong Kong mutually agree to end their employment relationship on agreed terms. This document is particularly relevant when parties wish to terminate employment outside the standard resignation or termination process, often used in situations involving restructuring, career transitions, or when both parties seek an amicable separation. The letter must comply with Hong Kong's Employment Ordinance (Cap. 57) and related employment legislation, ensuring all statutory obligations are met while documenting any additional agreed terms. It typically includes details about the termination date, final payments, benefit arrangements, company property return, and ongoing obligations such as confidentiality. This document serves as a crucial legal record that protects both parties' interests and helps prevent future disputes by clearly documenting the agreed terms of separation.
