Document background
An Employee Resignation Agreement is a crucial document used in the Indian corporate environment when an employee decides to voluntarily terminate their employment relationship. This agreement becomes necessary to formalize the resignation process and protect both parties' interests under Indian law. The document typically comes into play after an employee submits their resignation and before their last working day, ensuring all aspects of the separation are properly documented and legally compliant. It addresses key elements such as notice period requirements under Indian labor laws, final settlement calculations including statutory dues, confidentiality obligations, and the return of company assets. The agreement helps prevent future disputes by clearly documenting the terms of separation and ensuring compliance with various Indian labor laws, including the Industrial Disputes Act and relevant state-specific legislation.
