A Post Separation Agreement becomes necessary when an employment relationship ends and both parties need to formalize their ongoing obligations and rights. This document is particularly important in Singapore's business environment where protection of confidential information and clear delineation of post-employment obligations are crucial. The agreement typically covers financial settlements, continued confidentiality obligations, non-compete restrictions where applicable, and the return of company property. It provides legal certainty under Singapore law and helps prevent future disputes by clearly documenting agreed terms.
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Key Requirements PROMPT example:
Post Separation Agreement
"Need a Post Separation Agreement for a senior software engineer leaving our Singapore tech company on March 15, 2025, with specific focus on protecting our intellectual property and including a 12-month non-compete clause for the APAC region."
1. Parties: Identification of the separating parties with full legal names and addresses
2. Background: Brief history of employment relationship and circumstances leading to separation
3. Definitions: Key terms used throughout the agreement
4. Separation Terms: Official separation date and immediate effects
5. Financial Settlement: Details of all financial arrangements including final payments and benefits
6. Confidentiality Obligations: Ongoing duties regarding company information and trade secrets
7. Return of Property: Process and timeline for returning company assets and documents
8. General Provisions: Standard legal clauses including governing law and jurisdiction
1. Non-Compete Provisions: Restrictions on future employment and protection of business interests, typically used for senior employees
2. Ongoing Cooperation: Terms for transition assistance or knowledge transfer, used when handover of responsibilities is complex
3. Reference and Communications: Agreed format of references and public communications about the separation
4. Stock Options/Share Rights: Treatment of existing equity compensation for employees with share-based compensation
1. Schedule 1 - Financial Settlement Details: Detailed breakdown of all financial payments and benefits
2. Schedule 2 - Company Property List: Inventory of items to be returned
3. Schedule 3 - Confidential Information: Specific details of confidential information covered
4. Appendix A - Agreed Form of Reference: Template of agreed employment reference if applicable
5. Appendix B - Release Form: Standard release of claims document
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