On Monday, 594 Unifor Local members ratified a preliminary agreement with the Co-op Refining Complex (CRC), which was concluded last week. A transaction contract, formerly known as a compromise agreement, is a legally binding contract used by employers to determine the terms agreed by a worker to terminate an employment relationship or settle a dispute. They generally concern a worker who is paid because he can waive his right to assert a right to labour rights against the employer. I led the business and commerce division and overlaid a number of business transactions (for example. B sales and acquisitions of companies/companies) and restructuring (. B, for example, spin-offs and shareholder agreements), as well as a wide range of commercial contracts (e.g., agency. B, franchising, distribution, IT, investment agreements, etc.). At this point, the owner is probably aware that he will have serious consequences for the continuation of non-payment. Transaction agreements may include counsel for the Board of Directors who has a deed in the deed of the owner of the delinquent entity. Given that the owner of the unit is directly responsible for the „reasonable“ legal fees incurred by the board of directors, and because these fees are generally much higher than the arrears themselves, most owners are highly motivated at that time to pay – so much so that very few cases go beyond this point. If the agreement does not meet one of the above conditions or if both parties fail to reach an agreement, the transaction contract is not applicable and workers can still assert rights against their employer in the labour court. My duties include reviewing the submissions issued by the complainants, negotiating comparisons, developing, filing and defending our client, and preparing trials.
If you are satisfied with the terms of your transaction agreement, our lawyers can provide legal advice so that you fully understand what you are signing. A transaction contract lawyer will also check the terms set by your employer to determine if they are appropriate or not and to ensure that your rights are protected before signing. It also means being entitled to leave, paid pay and any other benefits that your contract provides before your employment expires. Unifor, Local 594 announced an interim agreement to end the lockout at the Co-op refinery in Saskatchewan, which began on December 5, 2019. The lockout was bitter, with controversial court rulings, bomb scares against strikers and a government-backed labour camp set up throughout the COVID19 crisis to house replacement workers nearby. See Ronni Nordal`s comment here, Q.C. from Regina here, here and here. We advise you on the terms of the contract and in particular on the rights you give up in return for paying the invoice. If so, and you agree that we will also negotiate on your behalf to ensure a more favourable settlement for you.
If you get a settlement contract from your employer, it can be a daunting task to decide what to do next.