Compromise Agreement Form
Description
How to fill out Compromise Agreement Form?
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FAQ
As nouns the difference between agreement and compromise is that agreement is (countable) an understanding between entities to follow a specific course of conduct while compromise is the settlement of differences by arbitration or by consent reached by mutual concessions.
To be valid, a compromise agreement must be in writing, identify a valid 'relevant independent adviser', identify the possible claims the employee has, and be signed by the employee after speaking with the relevant independent adviser.
4 Thus, under Section 417 of the Local Government Code,5 such amicable settlement or arbitration award may be enforced by execution by the Barangay Lupon within six (6) months from the date of settlement, or by filing an action to enforce such settlement in the appropriate city or municipal court, if beyond the six
Unless you have already have another job to go to, it is not easy to ascertain how long you will be out of work, but as a general rule of thumb, a payment equivalent to six month's salary is considered to be a good settlement.