Labour Settlement Agreement for Nigeria

Labour Settlement Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that formalizes the terms and conditions of an employment termination settlement between an employer and employee. This agreement outlines the financial compensation, benefits, mutual releases, and obligations of both parties, ensuring compliance with Nigerian labour laws, particularly the Labour Act and related employment legislation. It provides legal protection for both parties by documenting the full and final settlement of all employment-related claims, including confidentiality provisions, non-disparagement clauses, and specific terms regarding future references and post-employment obligations.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Labour Settlement Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Labour Settlement Agreement?

The Labour Settlement Agreement is a crucial legal document used in Nigerian employment law contexts when an employment relationship is being terminated by mutual agreement or to resolve an employment-related dispute. This document is essential for protecting both employer and employee interests by clearly documenting the terms of settlement, including financial compensation, benefits, and mutual obligations. It ensures compliance with Nigerian labour laws, including the Labour Act, Trade Disputes Act, and relevant National Industrial Court precedents. The agreement typically becomes necessary during situations such as voluntary separation, redundancy, dispute resolution, or when settling potential or actual employment litigation. It should be carefully drafted to include all necessary provisions for tax implications, confidentiality, and future obligations, while ensuring enforceability under Nigerian law.

What sections should be included in a Labour Settlement Agreement?

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Brief history of employment relationship, reason for termination/dispute, and context of settlement

3. Definitions: Definitions of key terms used throughout the agreement

4. Settlement Terms: Core financial terms including settlement amount, payment method, and timing

5. Tax Implications: Statement on tax treatment of settlement payments and responsibilities

6. Release of Claims: Comprehensive release of all claims by employee against employer

7. Confidentiality: Terms regarding confidentiality of settlement terms and agreement

8. Non-Disparagement: Mutual obligations not to make negative statements about each other

9. Return of Company Property: Requirements for return of all company assets and documents

10. References: Agreement on how future employment references will be handled

11. Governing Law: Specification that Nigerian law governs the agreement

12. Entire Agreement: Confirmation that this document represents the complete agreement between parties

13. Execution: Signature blocks and execution requirements

What sections are optional to include in a Labour Settlement Agreement?

1. Ongoing Legal Proceedings: Required if there are pending court cases that need to be withdrawn

2. Benefits Continuation: Used when settlement includes continued health or other benefits

3. Reemployment Restrictions: Include if parties agree to restrictions on future employment

4. Pension Arrangements: Required if settlement involves pension or retirement benefit adjustments

5. Trade Union Involvement: Necessary if employee has union representation in settlement

6. Outplacement Services: Include if employer is providing career transition support

7. Medical Coverage: Required if settlement includes provisions for ongoing medical expenses

8. Non-Compete Obligations: Include if settlement implements or modifies non-compete restrictions

What schedules should be included in a Labour Settlement Agreement?

1. Schedule 1 - Payment Terms: Detailed breakdown of settlement payments, including timing and method

2. Schedule 2 - Outstanding Claims: List of all claims being settled under the agreement

3. Schedule 3 - Company Property: Itemized list of company property to be returned

4. Schedule 4 - Benefits Summary: Detailed description of any benefits continuing or terminating

5. Appendix A - Reference Template: Agreed format and content of employment references

6. Appendix B - Resignation Letter: Template or copy of employee's resignation letter if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Banking and Finance

Oil and Gas

Manufacturing

Technology

Telecommunications

Healthcare

Education

Retail

Construction

Professional Services

Mining

Agriculture

Transportation

Hospitality

Media and Entertainment

Relevant Teams

Human Resources

Legal

Compliance

Employee Relations

Industrial Relations

Executive Leadership

Risk Management

Finance

Payroll

Corporate Governance

Relevant Roles

Human Resources Director

Legal Counsel

HR Manager

Employee Relations Manager

Compliance Officer

Chief Human Resources Officer

Labor Relations Specialist

HR Business Partner

Chief Legal Officer

General Counsel

Company Secretary

Risk Manager

Chief Executive Officer

Department Manager

Line Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Stipulation Of Agreement

A formal agreement under Nigerian law documenting mutually agreed terms and conditions between parties, with specific provisions for enforcement and compliance with local regulations.

find out more

Compromise And Settlement Agreement

A legally binding agreement under Nigerian law that documents the terms and conditions of a dispute settlement between parties, including payment terms and mutual releases.

find out more

Settlement Contract

A Nigerian law-governed agreement that documents dispute resolution terms and mutual obligations between parties, providing a legally binding settlement framework.

find out more

Accident Settlement Agreement

A Nigerian law-governed agreement that settles claims arising from an accident, detailing compensation terms and mutual release of liability.

find out more

Labour Settlement Agreement

A Nigerian law-governed agreement documenting employment termination settlement terms, including compensation, releases, and mutual obligations between employer and employee.

find out more

Agreement To Settle Out Of Court

A legally binding document under Nigerian law that formalizes the terms of an out-of-court settlement between disputing parties.

find out more

Government Settlement Agreement

A formal agreement under Nigerian law for settling disputes between government entities and other parties, outlining settlement terms and compliance requirements.

find out more

Court Settlement Agreement

A formal legal document under Nigerian law that records agreed terms between parties to resolve a court dispute, becoming enforceable as a court order once approved.

find out more

Debt Settlement Contract

A Nigerian law-governed agreement that establishes terms for settling outstanding debt between creditor and debtor, including payment plans and settlement conditions.

find out more

Accident Payment Agreement

A Nigerian law-governed agreement establishing payment terms and conditions for accident compensation between injured parties and paying entities.

find out more

Legal Divorce Agreement

A legally binding agreement under Nigerian law that formalizes divorce terms, including property division, financial settlements, and custody arrangements where applicable.

find out more

Tripartite Settlement Agreement

A Nigerian law-governed agreement that formalizes settlement terms and obligations between three parties, providing a framework for dispute resolution and mutual releases.

find out more

Settlement Agreement Payment Plan

A Nigerian law-governed agreement that structures debt settlement through scheduled payments, providing a legally enforceable framework for creditors and debtors.

find out more

Settlement Agreement Between Landlord And Tenant

A Nigerian law-governed agreement that documents settlement terms between landlord and tenant, resolving disputes or formalizing tenancy termination.

find out more

Selling House Divorce Agreement

A Nigerian law-governed agreement for selling matrimonial property during divorce proceedings, combining property transfer and divorce settlement elements.

find out more

Marital Divorce Agreement

A Nigerian law-compliant agreement that formalizes marriage dissolution and establishes binding terms for property division, financial settlements, and family arrangements.

find out more

Good Settlement Agreement

A Nigerian law-governed agreement that settles terms and conditions for goods delivery, payment, and acceptance between parties.

find out more

General Mutual Release Agreement

A Nigerian law-governed agreement enabling parties to mutually release claims and liabilities, serving as a comprehensive settlement instrument.

find out more

Contract Settlement Agreement

A legally binding document under Nigerian law that formalizes the settlement of disputes between parties, outlining settlement terms and mutual releases.

find out more

Covenant Not To Sue Settlement Agreement

A Nigerian law agreement where one party commits not to sue another regarding specific claims, typically as part of a settlement arrangement.

find out more

Mutual Consent Divorce Agreement

A legal agreement under Nigerian law documenting mutually agreed terms for divorce, including property division and settlement arrangements.

find out more

Marriage Settlement Agreement

A Nigerian legal document establishing property rights and financial arrangements between spouses, operating under federal and state laws while respecting statutory, customary, and Islamic legal frameworks.

find out more

Estate Family Settlement Agreement

A Nigerian law-governed agreement that formalizes the settlement and distribution of estate assets among family members, incorporating statutory, customary, and religious legal requirements.

find out more

Amicable Settlement Agreement

A Nigerian law-governed agreement that documents the mutually agreed terms for settling disputes between parties without court intervention.

find out more

Accident Agreement Between Two Parties

A Nigerian law-governed agreement documenting settlement terms between two parties involved in an accident, including compensation and liability terms.

find out more

Family Settlement Agreement Probate

A legal agreement under Nigerian law that establishes the terms for distributing a deceased person's estate among family members and beneficiaries.

find out more

Informal Settlement Agreement

A Nigerian law-governed agreement that documents informal settlement terms between parties to resolve disputes outside of court proceedings.

find out more

Workers Compensation Settlement Agreement

A Nigerian law-governed agreement that documents the settlement terms between employer and employee for workplace injury compensation, including payment terms and mutual releases.

find out more

Tentative Settlement Agreement

A preliminary agreement under Nigerian law outlining proposed terms for dispute resolution, serving as a framework for negotiating a final settlement.

find out more

Relationship Settlement Agreement

A Nigerian law-governed agreement that formalizes settlement terms between separating parties, including financial, property, and welfare arrangements.

find out more

Mediation Settlement Agreement Binding

A legally binding agreement under Nigerian law that documents and enforces the terms of settlement reached through mediation between disputing parties.

find out more

Mediated Agreement

A legally binding document under Nigerian law that records the terms of settlement reached through mediation, enforceable through the Nigerian courts.

find out more

Land Dispute Settlement Agreement

A Nigerian law-compliant agreement for resolving land disputes between parties, incorporating both statutory and customary law considerations.

find out more

Mediation Settlement Agreement

A legally binding agreement under Nigerian law that documents the terms of a settlement reached through mediation, enforceable under the Arbitration and Mediation Act 2023.

find out more

Divorce Mediation Settlement Agreement

A legally binding agreement under Nigerian law that documents the terms of a divorce settlement reached through mediation.

find out more

Conciliation Settlement Agreement

A legally binding agreement under Nigerian law that documents the resolution terms reached through conciliation between disputing parties.

find out more

Private Divorce Agreement

A legally binding agreement under Nigerian law that documents mutually agreed terms for marriage dissolution, including property division and settlements.

find out more

Marital Property Settlement Agreement

A legal agreement under Nigerian law documenting the division and settlement of marital property between separating or divorcing spouses, encompassing all assets and financial obligations.

find out more

Civil Settlement Agreement

A Nigerian law-governed agreement that documents the formal settlement of civil disputes between parties, including settlement terms and mutual releases.

find out more

Civil Lawsuit Settlement Agreement

A Nigerian law-governed agreement that documents the settlement terms between parties in a civil lawsuit, providing a legally binding resolution to their dispute.

find out more
See more related templates

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

2 Docs LeftAccess Now