Settlement Agreements are legal documents setting out agreed terms between an employer and an employee, normally, although not exclusively, in relation to the termination of employment.
The most important thing about Settlement Agreements is that the employee agrees to waive their employment law rights and it is a legal requirement that they first receive independent legal advice.
We have been advising on settlement agreements (or as they used to be known, Compromise Agreements) since they first came on the scene in 1996, so you can be sure you are getting expert advice on yours.
Our dedicated service for employees
Our service is fast and efficient and we can normally offer same or next day appointments by telephone, Zoom or (Covid 19 arrangements permitting) in person.
At your appointment, we will take instructions from you about the circumstances in which you have been given the agreement and advise you of your rights, the options open to you and whether the offer is reasonable. Where there is scope to improve the terms offered, we will equip you with the arguments to go back to your employer or if you prefer we can negotiate with your employer on your behalf.
If, however, you are happy with your agreement, it can normally be completed the same day.
It is customary for the employer to pay the employee's legal costs in connection with obtaining advice on a settlement agreement. Our charges for advising on a settlement agreement start at £250 plus VAT.
Settlement Agreement for Employers
If you are an Employer looking to offer a settlement agreement, we can advise and prepare the agreement for you, as well as conduct the negotiations with your employee's Solicitor if required.