Dear HR Community,
I have been asked about a mutual release letter from an employee in my organisation.
I've heard about a mutual release clause which can be included in a letter terminating contracts.
Such clauses usually state that neither party can have claims against each other after the contract is terminated.
Is it common to have such a clause in agreements between employees and employers?
And can we issue a mutual release letter?
If anyone has done so please share the circumstances and contents of such a clause or letter.
We are a financial institution.
Thank you so much.