Document background
The Separation Agreement And Release is a crucial document in Singapore's employment landscape, used when employment relationships are terminated by mutual agreement or as part of a restructuring exercise. It provides legal protection for both employers and employees by clearly documenting the terms of separation, including financial settlements, continuing obligations, and releases of claims. This document must align with Singapore's Employment Act, CPF regulations, and MOM guidelines. It's particularly important in situations involving senior employees, redundancies, or when significant severance packages are involved. The agreement helps prevent future disputes by ensuring all parties understand and agree to the separation terms.
