Document background
The Employment Transfer Agreement is a crucial document used in Hong Kong business transactions where employees need to be transferred from one employer to another, typically during corporate restructurings, mergers, acquisitions, or business transfers. It ensures compliance with Hong Kong employment laws while protecting both employer and employee interests. The agreement addresses key aspects such as continuity of employment, preservation of terms and conditions, transfer of benefits and entitlements, and handling of employee data. It includes specific provisions required under Hong Kong law, including compliance with the Employment Ordinance, Mandatory Provident Fund requirements, and data privacy regulations. This document is essential for maintaining clear employment relationships and preventing disputes during transition periods.
