Document background
The Exit Agreement serves as a comprehensive document used when terminating an employment relationship under Danish law, whether through mutual agreement, redundancy, or other circumstances. It is particularly important for ensuring legal compliance and managing risk in employment separations within Denmark's highly regulated employment environment. The agreement typically follows either a termination decision or mutual separation agreement and encompasses all financial, legal, and practical aspects of the employment conclusion. Exit Agreements are crucial tools for documenting the terms of separation, preventing future disputes, and ensuring both parties' rights and obligations are clearly defined. They must comply with Danish employment legislation, including mandatory notice periods, severance calculations, and treatment of accrued benefits, while also addressing company-specific concerns such as confidentiality and intellectual property protection.
