The Termination and Settlement Agreement is a crucial document used in Australian employment law contexts when an employment relationship is being ended by mutual agreement or following a dispute. This document is typically implemented when parties wish to achieve a clean break and prevent future litigation, providing certainty and closure for both employer and employee. It details all aspects of the separation, including financial settlements, confidentiality requirements, and mutual releases, while ensuring compliance with Australian federal and state employment laws. The agreement is particularly valuable in situations involving senior executives, sensitive departures, or potential disputes, offering protection to both parties through clearly defined terms and conditions. It must be carefully drafted to ensure enforceability under Australian law and typically requires independent legal advice for the employee.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies all parties to the agreement, including full legal names and relevant details
2. Background: Provides context of the employment relationship and circumstances leading to termination
3. Definitions and Interpretation: Defines key terms used throughout the agreement and interpretation rules
4. Termination of Employment: Specifies the termination date and formal end of employment relationship
5. Settlement Terms: Details the settlement amount and payment terms
6. Taxation and Superannuation: Addresses tax treatment of payments and superannuation obligations
7. Release and Waiver: Mutual release of claims and waiver of rights
8. Confidentiality: Obligations regarding confidentiality of the agreement and company information
9. Non-Disparagement: Mutual obligations not to make disparaging statements
10. Return of Company Property: Requirements for returning company assets and documents
11. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and severability
1. Post-Employment Restrictions: Include when there are specific non-compete or non-solicitation obligations
2. Intellectual Property Rights: Include when IP ownership or transfer needs to be addressed
3. Ongoing Cooperation: Include when employee's assistance may be needed for transition or future matters
4. Reference and Announcement: Include when parties agree on specific terms for references or public announcements
5. Legal Advice: Include when documenting that parties have received independent legal advice
6. Continuing Obligations: Include when specifying which employment agreement obligations survive termination
7. Share Options/Benefits: Include when addressing treatment of existing employee share schemes or benefits
8. Garden Leave: Include when there is a garden leave period before final termination
9. Outplacement Support: Include when outplacement services are part of the settlement package
1. Schedule 1 - Payment Details: Detailed breakdown of settlement payments and timing
2. Schedule 2 - Company Property: Itemized list of company property to be returned
3. Schedule 3 - Continuing Obligations: Extract of relevant clauses from employment agreement that survive termination
4. Schedule 4 - Deed of Release: Formal deed of release if separate from main agreement
5. Schedule 5 - Certificate of Independent Legal Advice: Signed certificates from legal advisors if required
6. Appendix A - Resignation Letter: Template or copy of formal resignation letter
7. Appendix B - Announcement Template: Agreed form of internal/external announcement if applicable
Relevant legal definitions
Agreement
Applicable Laws
Business Day
Claims
Company
Company Property
Confidential Information
Effective Date
Employee
Employment Agreement
Encumbrance
Final Monies
GST
Intellectual Property Rights
Loss
Notice
Parent Company
Parties
Payment Date
Related Bodies Corporate
Release
Representatives
Restraint Period
Settlement Sum
Superannuation
Taxation
Termination Date
Trade Secrets
Continuing Obligations
Completion
Dispute
Group
Material
Outstanding Entitlements
Permitted Disclosure
Relevant Period
Resignation Letter
Settlement Payment
Statutory Claims
Working Hours
Applicable Laws
Business Day
Claims
Company
Company Property
Confidential Information
Effective Date
Employee
Employment Agreement
Encumbrance
Final Monies
GST
Intellectual Property Rights
Loss
Notice
Parent Company
Parties
Payment Date
Related Bodies Corporate
Release
Representatives
Restraint Period
Settlement Sum
Superannuation
Taxation
Termination Date
Trade Secrets
Continuing Obligations
Completion
Dispute
Group
Material
Outstanding Entitlements
Permitted Disclosure
Relevant Period
Resignation Letter
Settlement Payment
Statutory Claims
Working Hours
Clauses
Interpretation
Definitions
Termination
Settlement Payment
Release and Waiver
Confidentiality
Non-Disparagement
Return of Property
Tax and Superannuation
Non-Competition
Non-Solicitation
Intellectual Property
Post-Employment Obligations
Legal Costs
Mutual Release
Warranties
References
Announcements
Further Assurance
Severability
Entire Agreement
Governing Law
Assignment
Notices
Amendment
Counterparts
Independent Legal Advice
Survival
Force Majeure
Dispute Resolution
Waiver
Good Faith
Third Party Rights
Time of Essence
Costs
Definitions
Termination
Settlement Payment
Release and Waiver
Confidentiality
Non-Disparagement
Return of Property
Tax and Superannuation
Non-Competition
Non-Solicitation
Intellectual Property
Post-Employment Obligations
Legal Costs
Mutual Release
Warranties
References
Announcements
Further Assurance
Severability
Entire Agreement
Governing Law
Assignment
Notices
Amendment
Counterparts
Independent Legal Advice
Survival
Force Majeure
Dispute Resolution
Waiver
Good Faith
Third Party Rights
Time of Essence
Costs
Relevant Industries
Financial Services
Technology
Healthcare
Manufacturing
Professional Services
Retail
Mining and Resources
Education
Construction
Telecommunications
Media and Entertainment
Transport and Logistics
Energy
Real Estate
Agriculture
Relevant Teams
Human Resources
Legal
Finance
Operations
Executive Leadership
Sales
Information Technology
Research and Development
Marketing
Administration
Procurement
Customer Service
Product Development
Risk and Compliance
Relevant Roles
Chief Executive Officer
Managing Director
Senior Executive
Department Manager
Team Leader
Professional Staff
Technical Specialist
Sales Representative
General Manager
Chief Financial Officer
Chief Operating Officer
Human Resources Director
Regional Manager
Project Manager
Account Manager
Operations Manager
Department Head
Senior Consultant
Find the exact document you need
Pre Possession Agreement
An Australian legal agreement allowing property buyers to take possession before settlement, outlining terms, conditions, and responsibilities of both parties.
find out more
Tenant Settlement Agreement
An Australian jurisdiction agreement that formalizes settlement terms between landlords and tenants, including financial arrangements and mutual releases.
find out more
Government Settlement Agreement
An Australian legal agreement resolving disputes between government entities and other parties, detailing settlement terms and compliance with public sector requirements.
find out more
Full And Final Release Settlement
An Australian legal agreement that provides a complete settlement of claims between parties, including payment terms and mutual releases from future liability.
find out more
Divorce Financial Settlement Consent Order
An Australian court order that formalizes agreed financial settlements between divorcing parties under the Family Law Act 1975.
find out more
Wage Settlement Agreement
An Australian legal agreement that documents the resolution of wage-related disputes between employers and employees, compliant with Fair Work Act requirements.
find out more
Debt Release Agreement
An Australian legal document that formally releases a debtor from their obligation to pay a specified debt, either wholly or partially, under Australian law.
find out more
Mutual Settlement Agreement
An Australian law-governed agreement that documents settlement terms between parties to resolve a dispute and prevent future claims.
find out more
Tripartite Settlement Agreement
An Australian law-governed agreement that formalizes settlement terms and obligations between three parties, providing a legally binding resolution to multi-party matters.
find out more
Termination And Settlement Agreement
An Australian law-governed agreement that documents employment termination terms and mutual settlement conditions between employer and employee.
find out more
Settlement Agreement Between Landlord And Tenant
An Australian legal agreement that documents the resolution of disputes between landlords and tenants, incorporating state-specific tenancy laws and settlement terms.
find out more
Selling House Divorce Agreement
An Australian legal agreement governing the sale of property between divorcing parties, combining family law and real estate transaction requirements.
find out more
Redundancy Agreement
An Australian legal agreement that sets out the terms and conditions for terminating employment due to a genuine redundancy situation, in compliance with Australian employment law.
find out more
Precedent Settlement Agreement
Australian precedent Settlement Agreement template for documenting dispute resolutions, incorporating key provisions under Australian law and jurisdiction-specific requirements.
find out more
Global Settlement Offer Divorce
An Australian family law document proposing comprehensive terms for divorce settlement, including property division, financial arrangements, and applicable parenting matters.
find out more
Division Agreement
An Australian legal document governing the division of business assets, operations, or corporate entities under Australian federal and state laws.
find out more
Contract Settlement Agreement
An Australian law-governed agreement that formally documents the resolution of a dispute between parties, including settlement terms and mutual releases.
find out more
Binding Settlement Agreement
An Australian law-governed agreement that formally documents settlement terms between disputing parties, ensuring legal enforceability and clear resolution parameters.
find out more
Voluntary Redundancy Settlement Agreement
An Australian law-governed agreement documenting the terms and conditions of a voluntary redundancy between employer and employee, including statutory entitlements and mutual obligations.
find out more
Inheritance Settlement Agreement
An Australian law-governed agreement that formalizes the settlement of inheritance disputes and arrangements between parties with interests in a deceased estate.
find out more
Estate Family Settlement Agreement
An Australian legal agreement formalizing the settlement and distribution arrangements of an estate between family members.
find out more
Divorce Agreement
An Australian legal document that formalizes divorce terms and conditions under the Family Law Act 1975, including property settlement and parenting arrangements.
find out more
Dismissal Settlement Agreement
An Australian law-governed agreement that formally documents the terms of an employee's departure and settlement, including compensation, releases, and ongoing obligations.
find out more
Whistleblowing Settlement Agreement
An Australian law-governed agreement settling whistleblowing matters between an organization and whistleblower, ensuring compliance with federal whistleblower protection laws.
find out more
Settlement Agreement Not To Sue
An Australian-law governed settlement agreement that resolves disputes through formal release of claims and covenants not to sue, providing legal finality to potential or existing disputes.
find out more
Divorce Stipulation Agreement
An Australian legal agreement documenting divorce terms and conditions, including property division and financial arrangements, under the Family Law Act 1975.
find out more
Non Payment Of Settlement Agreement
An Australian jurisdiction agreement documenting default on settlement payments, establishing new payment terms and enforcement mechanisms.
find out more
Federal Settlement Agreement
An Australian federal jurisdiction agreement that formally documents settlement terms between parties, ensuring compliance with federal laws and court requirements.
find out more
Family Settlement Agreement Probate
An Australian legal agreement that formalizes the settlement of estate distribution disputes under state probate laws and establishes binding terms for all parties involved.
find out more
Bullying Settlement Agreement
An Australian law-governed agreement documenting the settlement terms and mutual obligations resolving workplace bullying allegations between employees and involved parties.
find out more
Agreed Reference Settlement Agreement
An Australian law-governed agreement that settles disputes and establishes terms for future references between parties.
find out more
Personal Injury Settlement Agreement
An Australian jurisdiction agreement that formalizes the settlement of a personal injury claim, outlining compensation terms and mutual obligations between the injured party and the responsible party.
find out more
Informal Settlement Agreement
An Australian informal settlement agreement for efficiently resolving disputes between parties under Australian law, featuring simplified terms and basic settlement provisions.
find out more
Workers Compensation Settlement Agreement
An Australian legal agreement documenting the settlement of a workers compensation claim between worker, employer, and insurer, governed by state/territory compensation laws.
find out more
Settlement Agreement Compensation Payment
An Australian-law governed agreement documenting settlement terms and compensation payment between parties to resolve a dispute or claim.
find out more
Non Disparagement Settlement Agreement
An Australian legal agreement combining settlement terms with mutual commitments to refrain from making disparaging statements about other parties.
find out more
Tentative Settlement Agreement
An Australian jurisdiction document outlining preliminary settlement terms between parties, serving as a framework for negotiating a final settlement agreement.
find out more
Small Claims Settlement Agreement
An Australian legal document that formalizes the settlement of small claims disputes through state/territory tribunals, typically for claims under $25,000.
find out more
Short Settlement Agreement
An Australian law-governed agreement that efficiently documents dispute resolution terms and mutual obligations between settling parties.
find out more
Relationship Settlement Agreement
An Australian legal agreement documenting the settlement terms between separating parties under the Family Law Act 1975 (Cth).
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)