Collin Texas Release Agreement between Employer and Employee At Will with Consultant's Agreement for Employee to Continue Providing Services to Employer as Independent Contractor is a legal document that outlines the terms and conditions for severing the employer-employee relationship while allowing the employee to continue providing services to the employer in an independent contractor capacity. This agreement is designed to protect the rights and interests of both parties involved. This type of agreement typically includes the following key elements: 1. Parties Involved: Clearly state the names and contact information of the employer and the employee. 2. Employment Relationship Termination: Specify that the employer and employee have mutually agreed to terminate the employee's status as a regular employee. 3. Transition to Independent Contractor: Outline the agreement to continue the services of the employee as an independent contractor. This includes clarifying the scope of work to be performed, responsibilities, and payment terms. 4. Consideration: Clarify any financial considerations, such as payment rates, frequency, and method of payment. Detail any other arrangements, such as reimbursement for business expenses or benefits the employee will receive as an independent contractor. 5. Release of Claims: Include a clause that releases both the employer and the employee from any future claims, liabilities, or demands arising out of the employment relationship. This helps to protect both parties from potential legal disputes. 6. Confidentiality and Non-Disclosure: Include provisions to ensure that both parties maintain confidentiality regarding proprietary information and trade secrets, even after the employee transitions to an independent contractor role. 7. Governing Law and Jurisdiction: Specify that the agreement is governed by the laws of Collin County, Texas, and detail the jurisdiction where any disputes will be resolved. It's important to consult with an attorney or legal expert to draft a customized Collin Texas Release Agreement between Employer and Employee At Will with Consultant's Agreement for Employee to Continue Providing Services to Employer as Independent Contractor, tailored to your specific needs and requirements. Different variations of this agreement may exist based on factors such as the nature of the employment relationship, industry-specific regulations, or specific circumstances of the termination and continuation of services.