Settlement Agreements For Employees
Have you been given a Settlement Agreement (previously called a Compromise Agreement) by your employer and told you need to see a legal advisor? If so, we can help you.
An agreement like this is a legally binding document. It records the settlement terms between you and your employer at the end of your working relationship or to settle an existing dispute where your employment continues. Your employer will have given it to you because they want you to promise not to bring a claim against them and give certain other warranties, usually in return for financial compensation.
Your employer will typically pay your legal costs (or at least provide a contribution towards them) for us to review the Settlement Agreement, advise you on the terms and effect, and sign it off. We’ll advise you of our charges at the very beginning and they’ll always be fixed – so you’ll know exactly what to expect.
There should be no pressure on you to accept the offer made by your employer and to enter into a binging Settlement Agreement. You may want to get legal advice on your options before you decide to accept the offer or you may wish to negotiate an enhanced offer with your employer yourself, or instruct us to do it on your behalf. We will explain the options to you depending on your particular circumstances, including any fees that may not be covered by your employer so you can make an informed choice at the outset.
For further information and answers to FAQs about Settlement Agreements, please read our full article here.
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Sunny is a Paralegal in our Employment Law team.
Outside of work she enjoys doing hot yoga and trying new restaurants with friends and family!