Document background
The Employment Termination Agreement is a crucial document used in New Zealand employment law when formally ending an employment relationship. It serves to protect both employer and employee interests by clearly documenting the agreed terms of separation, whether due to resignation, redundancy, or mutual agreement. This document must comply with New Zealand's Employment Relations Act 2000 and related employment legislation, ensuring fair treatment and proper process. The agreement typically addresses final payments, ongoing obligations, and mutual releases, while providing certainty and closure for both parties. It's particularly important in situations where there might be sensitive issues to address or where a clean break is desired. The document should be customized to reflect specific circumstances while maintaining compliance with New Zealand employment law requirements.
