What is an employment settlement agreement?
A settlement agreement (formerly known as a 'compromise agreement') is a legally binding agreement made between the employer and employee which sets out the terms of employment termination by mutual agreement.
The purpose of the agreement is to settle any potential claims the employee may have against the business and in return the employer will agree to pay the employee financial compensation, also known as an ex-gratia payment. It will also be possible to have clauses included in the agreement to benefit the employee, for example to have a mutually agreed reference attached to be used for future employment applications.
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We understand that it can be daunting to receive such an agreement from your employer, however, we have experts who will be able to guide you step by step through the process. We will contact and liaise with your employer directly, removing any stress from the employee. To make it easier for you to receive legal representation, your employer will also pay your legal fees.
Should you find yourself presented with a settlement agreement and require urgent assistance, please contact us on 01782 560155 or