Benefits of settlement agreements
A settlement agreement is a document which should include certain terms and compensation that will allow for your amicable dismissal. They should always be beneficial for both you and your employer.
If an employer doesn’t have grounds for dismissal but feels like they aren’t profiting from employing a particular member of staff, they may propose an agreement to relieve the employee from their duties in a lawful and amicable way.
A settlement agreement can offer a fast and clean break from your employer without becoming caught up in legal claims which can be a lengthy and stressful process.
Settlement agreements were formerly known as compromise agreements and they are exactly that, a compromise. They are formal documents which must be signed by you and your employer to show that you both agree to the terms of your dismissal.
Usually a settlement agreement will involve giving you a compensation sum in return for certain conditions. Typically, these conditions will include not making a claim of unfair or wrongful dismissal against the employer.
Legal advice on settlement agreements
Everyone should feel they can trust the integrity and goodwill of their employer.
However, if you are given a settlement agreement it is important that you get sound legal advice to ensure that you are getting a deal that is fair and beneficial for you.
Why legal advice and support is important
Settlement agreements are often full of complicated legal terms which may make the document difficult to understand. Because of the legal jargon and high page count, they can hide crucial details that you might not agree to if you knew about them.
If you have been given a settlement agreement by your employer you should seek the advice of an independent employment law solicitor.
Our solicitors can support you with their extensive knowledge on employment law to ensure you get the best deal possible. We’ll be able to spot any catches and suggest amendments so that you don’t lose out.
Legal guidance and support with settlement agreements
What our employment law solicitors will help you with
An experienced employment law specialist will not only relay the document in a manageable way, but find the best outcome for you. Our settlement agreement services include:
- Explaining the terms of the document and their effect
- Outlining your eligibility to bring a claim against your employer
- How much compensation you can expect from such claims
- Advise whether legal action would be more beneficial
- Negotiate the agreement’s terms directly with your employer and their legal team to ensure you get the best deal
It is essential that you seek legal advice before signing the settlement agreement. Once the agreement is signed, you can no longer negotiate amendments or bring forward a claim.
Getting you the best agreement
By doing everything within our power to see that you get the best terms in your settlement agreement, we hope the work of our excellent employment solicitors will help you to start your new path, with as little stress and pressure as possible.
We promise to protect and support our clients until they receive the recognition and agreement that they deserve from their employer. We are here to listen, advise and to ensure that you are given the best legal support available.
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