Settlement Agreements (previously Compromise Agreements) usually involve payment of a financial settlement to an employee in return for which the employee agrees not to claim against their employer.
They're a useful way of resolving potentially difficult disputes in a speedy, confidential and structured way and often include an agreed reference for use with prospective employers. Employers will usually pay for the legal costs of their employee seeking legal advice.
The implications of a Settlement Agreement must be explained to you by an independent solicitor before the agreement becomes legally binding.
To find out more, get in touch with our team.