This is an agreement signed between the employer and employee of a company to mutually agree that the employer won’t release or disclose any inside employment information with any other perspective employer in case the employee leaves the company and joins another organization. With this agreement, the employer can deny issuing such information to outsiders and the employee can’t take any legal steps against the company or the employer.
Brief Description of Post-Employment Information Release Agreement:
It is a very common thing that when employees leave a company and join another, they ask their former employees to release post employment information or reference so that the perspective or new employer can verify that the employee is claiming right for its employment history and responsibilities. But, it is not possible for some employers to release the secret information about what the employee did in the company and what type of responsibilities he had on his job. This is why employers sign this agreement with the employees at the time of beginning of their career in the company and they both mutually agree that besides the basic information about the employment i.e. employment starting and ending date, employment duration and salary of the employee, the employer won’t release any particular information about the designation of the employee in the company and his responsibilities on the position. If there is no such agreement and employer denies to release such information, the employee can take legal actions but with this agreement in hands, there is nothing the employee can do regarding this process except accepting it.
Key Elements to add in the Post-Employment Information Release Agreement:
- Name of the employee
- Name of the employer/company
- Terms and conditions of the agreement
- Clauses of the agreement
- Termination of the agreement
- Results or violation of the agreement
- Validity of the agreement
- Signature of both parties with date
Importance and Uses of Post-Employment Information Release Agreement:
Unlike a few decades back, now there is a huge competition among companies and businesses in the market and it is getting more difficult to acquire and keep a huge number of customers with a business. In this situation, when the competition is already very tough, companies always try to lower the rivalry and take essential steps to keep the intellectual property and business secrets inside the company. By keeping the above content in mind, you can understand that when employees leave the company and join another organization, the former employer is bound to release reference information to the perspective employer regarding the former employees.
And, this is also the legal right of the workers to demand this from their employers but when employer has to release sensitive information to outsiders, it can put the company and its secrets in jeopardy. In order to make sure that doesn’t happen, employers use this agreement and with this agreement they free themselves from the responsibility of disclosing the inside business and employment information to anyone outside the company even if it’s a perspective employer of a former employee.
Free Post-Employment Information Release Agreement Templates
Download all these Free Post-Employment Information Release Agreement Templates that can easily help you to prepare your own Post-Employment Information Release Agreement effectively.