Document background
The Employee Deed of Release is a critical document used in Malaysian employment relationships when formally concluding an employment arrangement through mutual agreement or as part of a negotiated exit. This document is essential when parties wish to achieve a clean break and prevent future disputes by documenting all agreed terms of separation. The deed typically includes provisions for financial settlements, confidentiality obligations, and mutual releases of claims, ensuring compliance with Malaysian employment legislation. It's particularly important in scenarios involving senior executives, redundancies, or where there might be potential disputes. The document must be carefully drafted to ensure it meets the requirements of Malaysian law, including the Employment Act 1955 and Industrial Relations Act 1967, while providing adequate protection for both employer and employee interests.
