A Settlement Agreement (also called a Compromise Agreement) is a legally binding contract where you agree not to make a claim against your employer in return for a financial settlement.
Employers often use Settlement Agreements if someone’s employment is being terminated by agreement or to settle a dispute. It is compulsory to take independent legal advice before the agreement becomes legally binding. Your employer will usually pay your legal costs.
If you have been offered a Settlement Agreement, we will give you expert help and advice. If necessary, we will negotiate on your behalf to seek to improve the terms of the settlement. We recognize the importance of achieving a severance payment reflecting your achievements, as well as the freedom to continue working in your industry without excessive restrictions.
Whatever your situation, our aim is to always protect your interests and to avoid lengthy or prolonged legal debates. In dealing with employees, our view is that resolution needs to be brought quickly and as cost effectively as possible.