Draft for full and final settlement with an employee

Ms. Ritu Agarwal (Querist) 12 February 2013 This query is : Resolved
Dear Sirs,

I am working in Steel manufacturing Company. Two marketing who were non-performenrs were terminated from the job and now we the company and they both are ready for settlement but meanwhile in the past they involved themselves with our rivals and thought of giving false evidence against us. Now we want to settle their account and want an undertaking from them that we are settling their all the dues and now both the parties won;'t be held liable for each other acts and before accepting the cheque of settlement they have entered in some legal suit against the party it will assume as withdrawn, etc etc.

Kindly request to all to help in this legal draft. Matter is of great emergency and importance.

Request to do the needful.

Thanking You,

With Regards,

Ritu Agarwal
C.S. LL.B

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ajay sethi (Expert) 12 February 2013
your company must have a legal department . if it dosent have negage a awyer and get it drafted by him . companies can afford to pay legal fees

R.K Nanda (Expert) 12 February 2013
contact local lawyer.

Raj Kumar Makkad (Expert) 12 February 2013
Even if both employees have joined your rivalry firm even then if a peaceful solution is arrived at, it shall be benefical for both parties.