Document background
The Employment Termination Agreement in Malaysia is a crucial document used when concluding an employment relationship by mutual agreement or under specific circumstances requiring formal documentation. This Termination Agreement Employment is designed to comply with Malaysian employment law, including the Employment Act 1955, Industrial Relations Act 1967, and related regulations. It is typically used when both parties agree to end the employment relationship amicably, during restructuring, or in situations requiring a formal separation agreement. The document covers essential elements such as termination date, final payments, statutory benefits, company property return, and post-employment obligations, while ensuring all legal requirements under Malaysian jurisdiction are met. This agreement helps prevent future disputes by clearly documenting all terms of the separation.
