Settlement Agreements
Settlement Agreements
A Settlement Agreement (formerly known as a compromise agreement) is a legally binding contract that deals with the termination of your employment on agreed terms. By signing a Settlement Agreement you are agreeing not to pursue any employment related claims that you may have against your employer in return for compensation.
For the agreement to be legally binding, there is a requirement for you to seek independent legal advice on the terms. Usually the cost of obtaining this advice is covered by your employer.
Our settlement agreement expertise
At Barnard & Webb Solicitors, we will take the time necessary to fully understand the background to your matter so we can advise in detail on any claims that you may have and their potential value. This will enable you to make an informed decision as to whether entering into the Settlement Agreement is in your best interests. We will then explain all the terms of the Settlement Agreement in plain English, to ensure you fully understand the implications. If required, we can also help you negotiate the terms of the agreement with a view to securing you the best deal possible.