A Settlement Agreement (previously known as a Compromise Agreement) is a legally binding agreement between an employee and an employer.
The main terms are usually agreed between the employee and employer, normally the employee agrees to settle potential claims in return for a cash payment. However there are many other points that need to be agreed and we can help ensure that all the relevant issues are correctly dealt with, such as the terms of payment of the cash sum, provision of references, return of property, restraints on future employment and confidentiality.
If you have reached an agreement on termination of your employment, then it is essential that you seek independent legal advice so as to ensure that your rights are protected and also to understand the obligations and responsibilities of your employer.
Book your free initial 30 minute consultation on 01928 735 333 or click here for a call back.