Compromise Agreement Format India

Within [number] days of the date of separation, all confidential and protected information of the employer, including the related enterprises of the employer, subsidiaries and its parent company and their related enterprises and subsidiaries (“employer enterprises”) as well as any ownership of employers` enterprises owned or under the control of the worker, shall be returned from the employee to the employer. or, at the employer`s option, destroyed by the employee and certified destroyed. The employee may not keep copies of such information, materials or property for himself. In addition, the employee understands and agrees that the terms of the confidentiality agreement signed by the employee are always in place for any termination of the employee`s employment relationship with the employer, as set out in this regulation, and the employee agrees to fully comply with the terms of this confidentiality agreement. The employee will not pass on the content of this compromise agreement to third parties. PandaTip: Compromise Agreement is the name used in the European Union for severance or separation agreements in the United States. There is a legal and regulatory framework that governs these agreements, so it is essential to contact a lawyer to ensure that you provide the appropriate legal guidance. You can also use our free settlement term sheet template to dictate separation rules in advance. d. The parties intend this agreement to be a legal “compromise agreement” between the parties, this compromise agreement which was concluded at __ in 2000 between a son of __________