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Sample Of Compromise Agreement Philippines

This compromise and settlement agreement is made by and between the name of the party being applied (called a defendant) whose address is G. The purpose of this agreement is to engage and benefit the parties, their heirs, their representatives, their legal representatives, the beneficiaries of the transfer and the beneficiaries. NOW, THEREFORE, in light of the reciprocal agreements, agreements and promises mentioned in it and whose maintenance and sufficiency are recognized, the parties agree in the following way: In addition, the worker understands and accepts that the terms of the confidentiality agreement signed by the worker survive any termination of the worker`s employment with the employer, as described here. , and the employee undertakes to fully respect the terms of such a confidentiality agreement. The staff member will not pass on the content of this compromise agreement to third parties. This compromise agreement constitutes a binding agreement immediately after the signing by the employer, the worker and the aforementioned advisor. With the exception of the obligations arising from the employment contract and any other agreement between the employer and the worker which, by its nature, continues to apply by its nature, this agreement constitutes the whole agreement between the parties and replaces all agreements, agreements, guarantees, obligations and prior discussions between the parties, written or oral. What is a compromise agreement? A compromise agreement is a document involving an employer and a worker that determines the responsibilities and outcomes of the worker`s separation or separation from the employer and must be developed according to specific legal guidelines. WOFORE, to the extent that the compromise agreement is not contrary to the right, morality, morality, public order and public order, the Court approves the same thing and invites the parties to faithfully respect the agreements, conditions and conditions reached there.

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