Click here – for advice on settlement agreements for employees.
Settlement agreements (previously known as compromise agreements) allow employers to terminate an employee’s employment (without following procedure/having a legally fair reason for dismissal) and waives the employee’s contractual and statutory rights in exchange for a financial sum.
In simple terms, a settlement agreement is a legally binding document which specifies the terms upon which the employee will receive a financial sum in return for their agreement not to pursue any future claims against the business.
Negotiating the right terms allows both parties a clean break and avoids the risk of expensive litigation.
Our employment department has a breadth of experience in negotiating all types of settlement agreement for a wide range of employers.