Document background
The Assignment Of Employment Contract is a crucial document used in German business transactions when transferring employees between legal entities, commonly occurring during corporate restructuring, mergers, acquisitions, or business transfers. This document ensures compliance with German employment law, particularly 脗搂613a BGB, which provides specific protections for employees during business transfers. It outlines the complete transfer of employment rights and obligations from the current employer to the new employer, including benefits, seniority, and existing contractual terms. The agreement requires careful consideration of Works Council rights, data protection regulations, and employee consent requirements unique to German jurisdiction. It serves as a legally binding record of the transfer terms while ensuring transparency and protection of all parties' interests.
