Cancellation agreement

Cancellation agreement - important information

An employment relationship can be terminated by mutual agreement by means of a cancellation agreement without observing any deadlines.

A cancellation agreement can have various advantages for both employees and employers. Employees for example, can leave the company by concluding a cancellation agreement without complying with the Cancellation period leave.

Also for the Employer a cancellation agreement can have considerable advantages - for example, the employee does not have to comply with any dismissal protection provisions.

Cancellation agreements can also Severance payments by the employer to the employee and various other conditions relating to the termination of the employment relationship can be agreed.

Cancellation agreements must be in writing in accordance with § 623 GERMAN CIVIL CODE the Written form.