Employers sometimes offer settlement agreements when your employment contract comes to end by mutual agreement. In return for money or other incentives, the employee agrees to waive the right to bring any future employment claim. If negotiated well, this can be an effective way to receive proper compensation for your job ending, without the expense and hassle of legal action.
Our expert lawyers are adept at handling all types of settlement agreement, from the small and straightforward to complex deals involving structured payments, share options and restrictive covenants.
We offer sound advice and can negotiate effectively to secure the best possible outcome for you, working to:
1. Explain what the agreement means in plain English
2. Explore your ongoing losses and potential compensation
3. Investigate whether your claim has a higher potential value
4. Let you know what your options are
5. Achieve terms that you are happy with
Dealing with your settlement agreement can be stressful. You may feel you are being forced into a resignation, or you may have fallen out with your employer over business strategy. We bring a clear-headed professionalism that takes the emotion out of the situation and we can advise on how best to reach a successful conclusion. Our solicitors sensitively handle confidentiality issues, and if taking a good reference away with you is important, we can usually work it into the arrangement.
Settlement agreements are not binding unless the employee has taken independent legal advice. For this reason, your employer should offer to pay your legal costs.
Our settlement agreements specialists are part of our London based employee law team. We have almost four decades of experience helping clients from around the UK with a wide variety of legal matters. For expert legal advice use our contact form or call us on 0808 250 6017 today.