Settlement Agreement Solicitors.
Our specialist employment advisors can advise you on the full terms and effect of a settlement agreement.
Settlement agreements can be complicated.
You can rely on us for clear 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.
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.
Employers use these agreements to note the terms under which an employee will leave the company and may also include confidentiality clauses and restrictions on competition to protect themselves.
If a settlement agreement meets both an employer and employees’ requirements, it can often avoid formal disciplinary claims or redundancy procedures, which can save time, money, stress and also remove the risk of employment law claims.
In most cases, your employer will usually draft a settlement agreement but in order for it 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 team of legal experts can help negotiate the terms to ensure they are fair, confidential, and meet the compensation or redundancy payments required. We will work with you to get the best settlement possible, and we have experience in dealing with a variety of industries as well as acting for senior executives and high net worth individuals.
Working With Our Service Team
Our dedicated and pragmatic legal experts are able to advice and support you with all aspects of employment law, ensuring all discussions are protected by legal professional privilege.
- Julia Fitzsimmons
If you have an enquiry in relation to a personal Employment matter or simply want to speak to a member of our expert team, please get in touch.
It is advised by ACAS that 10 days is a reasonable period to either accept or decline the settlement agreement.
It is a legal requirement that you receive advice from a Solicitor before signing a settlement agreement. Your employer does not legally have to pay for your solicitors fees.
Once you sign a settlement agreement you are giving up certain contractual and statutory rights to bring a claim against your employer in a court or an employment tribunal. Therefore it is imperative you resolve any outstanding matters such as incurred holiday which are you are owed. Your solicitor will be able to review the agreement for you before you sign to make sure you receive everything you are owed.