Document background
An Exit Agreement is a crucial document used when terminating an employment relationship in Saudi Arabia by mutual consent. This document is essential for ensuring compliance with Saudi Labor Law and protecting both employer and employee interests during the separation process. The agreement comprehensively addresses all aspects of employment termination, including final settlements, end-of-service benefits calculations, confidentiality obligations, and post-employment restrictions. It's particularly important in Saudi Arabia due to specific local legal requirements, including Sharia law principles and mandatory end-of-service benefit calculations. The Exit Agreement should be used whenever an employment relationship is being terminated amicably, providing clear documentation of all agreed terms and ensuring all legal obligations are met under Saudi jurisdiction.
