Employment contracts may be terminated by mutual agreement between the parties. The legal basis for mutual termination agreements is rooted in „contractual freedom“ as a constitutional right. The employer and the worker terminate an existing employment contract through a „reciprocal termination contract.“ The validity of the mutual termination contract does not depend on some form. Therefore, a reciprocal termination agreement can be executed either explicitly or implicitly, orally or in writing. In the absence of a form required to be valid, the form of the agreement is of great importance to the evidence. It would therefore be advantageous to implement in writing a reciprocal termination agreement in order to demonstrate the common will of the parties to terminate the employment contract. Meetings usually begin when management has been agreed for about an hour at the end or start of a chosen work day, subject to agreement between the Union and management. Operational clause: „… You are following:/by mutual agreement to … ». By calling the market a „competitive game“ played by certain rules, Hayek emphasizes the inherent link between the markets of thought and the law. Given that the coordination of market measures is based on certain general rules of conduct that limit the behaviour of market participants, the result is that it is only when appropriate rules are in place that a market organisation can emerge and the specificity of the legal and institutional framework in which the markets operate will determine all of their working characteristics.
Hayek (1960, p. 229) put it this way: „If there is to be an effective adaptation of the various activities in the market, certain minimum requirements must be met; the most important are … The prevention of violence and fraud, the protection of property and the execution of contracts, as well as the recognition of the equal rights of all people to produce and sell at any price. Even if these conditions are met, the effectiveness of the system will still depend on the specific content of the regulations. Mandatory listing when the reciprocal agreement concerns a portion of the land, interest/share, including a plan, or Torrens Title Land. Main certificate: if registered, the number of the document concerned must be identical to the number listed on the REIT, in accordance with the reciprocal agreement.