A Compromise Agreement is a legal document that is signed between an employer and workmen (or their legal representatives) for the payment of compensation under the Workmen's Compensation Act. This agreement is used when an employee is injured or disabled as a result of a work-related accident or illness and the employer and employee agree to settle the claim out of court.

The agreement typically outlines the terms of the settlement, including the amount of compensation to be paid, the payment schedule, and any other conditions or obligations that must be met. It also includes a release of claims, which means that the employee agrees to give up their right to pursue further legal action against the employer in exchange for the compensation.

The Compromise Agreement is a legally binding document.

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