Document background
The Employment Compromise Agreement is a crucial document used in Hong Kong employment relationships when parties wish to formally document the termination of employment and settle any potential claims. It is particularly relevant in situations involving senior executives, sensitive departures, or where there are complex termination arrangements. The agreement must comply with Hong Kong employment law requirements, including the Employment Ordinance and various anti-discrimination ordinances. Typically used when both parties want to achieve a clean break and avoid potential disputes, this document covers essential elements such as payment terms, confidentiality obligations, and mutual releases. The agreement must be carefully drafted to ensure enforceability under Hong Kong law and typically requires the employee to receive independent legal advice.
