Are you looking to finalise a settlement agreement?
A Settlement Agreement (previously known as a Compromise Agreement) is a written contract whereby your employment with your employer terminates on agreed terms. Typically you will receive a compensation payment in exchange for you waiving any potential employment claims against your (former) employer. In essence it financially compensates you whilst limiting your employer’s liability so that a line is drawn under the end of the employment relationship with a ‘clean break’ being achieved. Settlement agreements can also be used for redundancy and retirement scenarios as well as being a way to settle contentious situations without the rigmarole and cost of making a claim at an Employment Tribunal.
Specialist advice
If you receive a settlement agreement you are required to get independent legal advice for it to be valid. This is where we can help guide you through the process of reviewing it with you and, if appropriate, negotiating on its terms.
It is strongly advised that you seek legal advice on a settlement agreement and associated exit arrangements at the earliest opportunity. We are experienced in advising individuals or groups of employees on this area of Employment Law.
Please see further information on our team of Employment Law solicitors, based in Reading, Henley-on-Thames and Wokingham, and our full range of services.
