A settlement agreement, or termination agreement, is a crucial step before an employer and an employee end their employment relationship. It requires careful consideration to balance the interests of both parties.

The challenges we often see employers face when navigating a termination agreement include:

• Insufficient Legal Knowledge: This can lead to errors in the agreement, resulting in disputes and serious legal consequences.
• Lack of Negotiation Skills: Ineffective negotiation can make the process tense, leading to disputes or financial losses, which can be detrimental to both sides.
• Omission of Important Clauses: A poorly detailed agreement can pose legal risks, particularly in clauses related to non-compete and confidentiality agreements.
• Non-compliance with Legal Procedures: Violating procedures from drafting to implementation can render the agreement invalid, leading to unwanted litigation.
• Imbalance of Interests: This can easily lead to dissatisfaction and prolonged disputes.

A robust, legally compliant termination agreement that ensures both parties’ rights will help maintain a positive relationship between employer and employee, while also minimising costs and avoiding unnecessary disputes.

The seminar “Navigating Settlement Agreements with Employees” will equip participants with the ability to advise and manage effectively in today’s uncertain economic environment.

Speaker: Lawyer Nguyễn Hữu Phước – Director & Managing Partner, Phuoc & Partners.

Key Content of the Seminar:

• • The definitions, concept, and role of a termination agreement within a business.
  • Reasons and benefits of negotiating when ending an employment relationship, ensuring the rights of both the business and the employee.
  • Relevant Legal Framework: Current provisions of the Labour Code 2019, Employment Law, and other related regulations regarding termination agreements.
  • Detailed guidance on clauses that should be included in a termination agreement.
  • The rights that both employer and employee waive when signing a termination agreement.
  • Possible scenarios and optimal negotiation methods.
  • The role and duties of key managers during the negotiation and signing of the agreement.
  • Procedures and formalities before, during, and after the termination agreement (invitation to meetings, suitable payment packages for employees, confidentiality issues, recording meetings, etc.).
  • Support solutions for negotiation: Analysis of support measures such as temporarily assigning the employee to different work than in the employment contract, changing direct supervisors, appointing a subordinate of the employee to the employee’s position.

• Personal income tax on payments under the termination agreement.

• Mistakes employers should avoid.

• Compliance after the termination agreement and dispute resolution.

• Providing Sample Termination Agreement.

Target Audience:

• HR professionals in businesses.
• In-house lawyers specialising in human resource management and labour-related issues within businesses.
• Consultants, lawyers specialising in labour issues.
• Individuals interested in labour law and employment issues.

Benefits of Attending:

• Mastering In-depth Legal Knowledge: The seminar will provide you with the necessary knowledge and skills to successfully navigate settlement agreements, helping you avoid unnecessary risks.
• Improving Internal Processes: Applying what you’ve learned in practice will help businesses handle termination cases more professionally and effectively.
• Opportunities to Learn from Top Experts: Gain access to effective negotiation methods from practitioners with extensive experience and deep understanding of labour law.
• Networking Opportunities: Connect with HR professionals, in-house lawyers, and business managers, expanding your professional network.

Event Information:

• Time: 13:30 – 16:30, Friday, 04 October 2024
• Venue: C-Space, 62 Võ Văn Tần, Ward 6, District 3, Ho Chi Minh City
• Ticket Price: (Inclusive of 8% VAT) 864,000 VND/ticket; CCCC Members: 0 VND

Tickets are limited. Register now!

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Introduction of the Speaker: About Lawyer Nguyễn Hữu Phước

Lawyer Nguyễn Hữu Phước is the Founder and Managing Partner of Phuoc & Partners. With over 25 years of experience, he specialises in labour law and taxation and has been recognised by reputable organisations such as Legal500, Chambers Asia, and ALB as one of Vietnam’s leading lawyers.

Additionally, Lawyer Phước is the author of numerous specialised books on labour law and legal practice skills. He actively contributes to the legal community and currently serves as the Chairman of the Chief Corporate Counsel Club and Vice Chairman of the Vietnam Human Resources Associations (VNHR). Furthermore, Lawyer Phước is a visiting lecturer at the Judicial Academy, frequently sharing on interesting topics related to labour law at the Labour Law Conference, Vietnam HR Summit, and other events organised by VNHR.

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