Compromise Agreement With Work
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How to fill out Compromise Agreement With Work?
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FAQ
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.
Compromise is a basic negotiation process in which both parties give up something that they want in order to get something else they want more. Compromises usually occur in win-lose situations -- when there is a fixed pie to be divided up, and whatever one side gets, the other side loses.
What should be included in a settlement agreement is all the terms that you want to be part of the final judgment. For example, it might just state the amount that one party is going to pay to the other party. However, it might also say the timeline for payment or specify what the payment is for.
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.