For Business

Settlement Agreements Solicitors for Employers

Settlement Agreements Solicitors for Employers

A Settlement Agreement (previously known as Compromise Agreements) is an agreement commonly signed by an employee and employer on termination of an employee’s employment. The Agreement terminates the Contract of Employment on the terms set out in the Agreement. By signing the Agreement an employee agrees to waive their rights to bring certain claims against their employer, normally in respect of their employment and/or termination of their employment.

In order for the Agreement to be legally-binding employees are required to seek independent legal advice on the terms and effect of signing the Agreement.

The employer will normally pay a contribution towards an employee’s legal fees for taking advice on the terms and effect of any Settlement Agreement. Generally, this contribution will not include any legal fees incurred in negotiating the terms.

We are experienced at drafting, reviewing or advising on Settlement Agreements and negotiating terms with employees on behalf of the employer to conclude matters swiftly and cost effectively.

If you require a Settlement Agreement or would like to discuss the termination of an employee’s employment, please contact us.

 

Settlement Agreements for furloughed / redundant employees

Emily Yeardley
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  • Author

With all the uncertainty caused by COVID-19 and increasing unemployment rates, being told that your employment is ending will undoubtedly be a distressing and worrying time. Some employers are offering Settlement Agreements (a legally binding agreeing...

Statutory redundancy payments for furloughed employees

Emily Yeardley
  • Posted
  • Author

Statutory redundancy payments (what the law says an employee is entitled to be paid if they have been continuously employed for 2 years and are made redundant) are calculated based on an employee’s length of service, their age and a...