In the day ………..corresponding ………..2019 in cairo.
Infront of company ………….., general trading, legal form– limited liability,law nr. 159, year 1981, commercial register ……….., represented by Mr. …………….,passport number …………. Repersenter of him in this agreement Mr. …………….. , lawyer of the company.
First party
Second, mr. ………………….. egyptian residence in …………… – ……….. with ID number ……………………..
Second party.
After the declaration of the two party of their capacity of contract and legally to act they agreed to the following :
Introductory clause
The second party was working with the first party during the mentioned year ,and he wants to leave the work,reconcile confidentially and final discharge ,govers the legalcenters of the two parties.
First clause
The introductory clause is considered as part of the contract
Second clause
The two parties agreed to finish the business relation starting from 6/5/2019 thus ech party should remit his all his belongings, tools,documents and machines that he receive from the other party during working with him, in case of finding anything of this with him in the future he will be obligated to return it in the case of the delivery time from the first party and pay for the damages .
Third clause
The second party is obligated to not saying or use any information or documents he took during working with the first party with any government sector or non government sector or any person,also he is obligated to not call or contact any clients or the workers for any reason. Second party is forbidden to work in the same field, or for any competitor directly or indirectly for next 5 years (first party got right to decide which company is its competitor, according to their best moraljudgement).
Fourth clause
The first party should pay ……………….. to the second party as financial accruals according to the law which govern this business relation,including labour code, insurance and taxes. This emount will be paid as follows:
This amount includes all rests of salaries from first party to second party, all debts and compensations, that way so after this settlement all financial relationships will be finished and none party will ever ask for any other financial payment. And so each party receive his financial accruals,and doesn’t have any rights or accruals from the first party ,he should admit this and also that he receive all his private belongings.
In case of failure of first party obligations to pay agreed payments above, until agreed deadline, all rights and obligations from this contract will be cancelled.
Fifth clause
In case of breach the second party of any of this agreement condition which are mentioned in the second and the third clauses by direct or indirect way, will be obligated to pay ……………… EGP to the first party as a compensation .
Sixth clause
In case of any conflict in explanation orapplication of this contract the jurisdiction is held for the court of south cairo totally and its parts .
-Name of the first party ……………………………….
Signature of the first part………………………..
-Name of the second party ………………………………
Signature and fingerprint of the second party: ………………………………………………
-Witness name: …………………………………………………..
-Witness signature: …………………………………………………………
