If there are disputes between an employee and employer or in case of redundancies, the employer may raise the issue of a Settlement Agreement.
Settlement Agreements, which were called Compromise Agreements, are legally binding documents. They are usually used to formally end the employment contract between an employer and employee and/or to settle a potential Employment Tribunal case. Under the terms of the settlement agreement, the employee cannot bring a claim in the Employment Tribunal.
At Chris Alexander Solicitors, we will assist you with reviewing your draft settlement agreement, employment contract and policies. We will then provide you with comprehensive legal advice, before you agree to the terms of a settlement agreement.
We can also represent you in negotiations with your employer about the terms of the settlement agreement, including the financial compensation.
We can also advise you on the specific terms of the settlement agreement, ensuring that you understand the limits that it will be likely to impose on any future employment tribunal claims you might make.
Employers will usually agree to pay your legal fees for the purpose of independent obtaining advice in relation to a settlement agreement.