A Settlement Agreement (previously known as a Compromise Agreement) is an agreement with your employer whereby you agree, usually in exchange for a financial settlement, not to bring certain employment claims in respect of your employment.
In order for a Settlement Agreement to be binding, you must be advised in respect of the full terms and effect of the Agreement by an independent legal adviser. Most employers will therefore offer to contribute towards the cost of this advice.
Our specialist employment advisers are experienced in advising and assisting employees in respect of Settlement Agreements, including advising on the circumstances of the termination of your employment and any particular claims which you may be giving up, as well as advising on the terms and effect of the Agreement.
If you require advice in respect of a Settlement Agreement or simply want to speak to a member of our expert Employment Law Team for further information and guidance, please use the request a call back or make an enquiry option to get in touch.