Termination Agreement
A mutually agreed end to the employment relationship.
With a termination agreement, employer and employee end the employment relationship by mutual consent. Be careful: it often leads to a blocking period for unemployment benefits. The agreement must be in written form.
The relevant statutes
§ 623 BGB
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Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.