Employee / Employer Mutual Release upon Termination

Use this template form to prepare a Mutual Release Upon Termination to be signed by an employer and a departing employee, under which each party releases the other party from all claims and actions of any kind arising as a result of the employee's employment or termination. The Release should be executed prior to the employee receiving the final paycheck. The form also includes a Business Protection Agreement to be signed by the employee, which addresses such matters as non-competition and confidentiality. This generic employee release form is provided in MS Word format, and is fully editable to fit your specific needs.