Document background
The Exit Agreement is a crucial document in South African employment law that provides a clear framework for employment termination while protecting both employer and employee interests. It is typically used when an employment relationship is being terminated by mutual agreement, through resignation, or as part of a settlement agreement. The document must comply with South African labor legislation, including the Labour Relations Act and Basic Conditions of Employment Act, and should address all aspects of the separation including financial settlements, confidentiality obligations, and post-employment restrictions. Exit Agreements are particularly important in South Africa due to the country's robust employee protection laws and the need to prevent future disputes through comprehensive documentation of the separation terms.
