Settlement agreement, transition allowance, dismissal
During the statutory cooling-off period, you may revoke a concluded settlement agreement in writing. Learn the difference from rescission and how to act in time.
Revocation means that, within the statutory cooling-off period, you withdraw in writing from the concluded termination agreement. You do not need to give a reason.
The normal period is 14 days. If the employer did not inform you of the cooling-off period in writing in the agreement, the period is 21 days.
Following a valid revocation, the settlement agreement no longer serves as the basis for the dismissal. Have the implications for your employment contract, pay and next steps assessed immediately.
Revocation during the statutory cooling-off period is a specific employee right: a brief written statement is sufficient and you do not need to give a reason.
Rescission is a different legal route. Outside the cooling-off period, it cannot be assumed that the agreement can still be reversed. It must then be assessed whether another legal basis exists, such as a defect in the formation of the agreement.
Subject: revocation of settlement agreement
I hereby revoke, within the statutory cooling-off period, the settlement agreement concluded between us concerning the termination of my employment contract.
Also include your name, the date, your employer and the date of the agreement. If in doubt, have the notice reviewed before sending it.
Read the main page about the cooling-off period, or learn more about its starting point and the difference from refusing to sign.
Act immediately. Have the starting point, the notice and the consequences for your employment contract reviewed.
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