Document background
The Exit Agreement serves as a critical legal instrument in New Zealand employment law, designed to document and formalize the termination of employment relationships. It is typically used when an employment relationship is ending due to various circumstances such as redundancy, resignation, mutual agreement, or restructuring. The agreement ensures compliance with New Zealand employment legislation while providing both parties with certainty regarding their rights and obligations. An Exit Agreement typically includes provisions for final payments, statutory entitlements, confidentiality obligations, property return, and mutual releases. It may also address specific matters such as post-employment restrictions, references, and ongoing obligations. The document plays a crucial role in minimizing potential disputes and providing a clear framework for employment separation while ensuring all legal requirements under New Zealand law are met.
