There are a number of given reasons why you may be faced with the option of signing a Settlement Agreement; redundancy, performance or health issues, a dispute with your employer…..
It can be overwhelming but we are on hand to help you through this stressful situation.
Formerly known as compromise agreements, a Settlement Agreement sets out the terms and conditions agreed between an employer and employee and creates a legally binding contract that resolves a dispute and/or ends the employment relationship.
Settlement Agreement’s offer certainty for both parties. You will know exactly what you will receive upon termination and your employer has the assurance that they will not face an Employment Tribunal claim.
Your employer will make a written offer by way of a draft Settlement Agreement.
For a Settlement Agreement to be binding you must first obtain independent legal advice from a solicitor.
When you instruct one of our expert Employment Law Solicitors, we will guide you through the process and make it as seamless and stress-free as possible.
Your employer will have stipulated a deadline so get in touch immediately. Send us a copy of your Settlement Agreement.
We will review the Settlement Agreement and book you in for a telephone with an Employment Solicitor. You will be advised as to the terms and implications of signing the Settlement Agreement and any follow-up action, if required.
Once agreed, we will finalise the Settlement Agreement by signing and proceed to submit a copy to your Employer, along with our Certificate of Advice and Invoice.
The Settlement Agreement will then be counter-signed by your employer, at which point it will be fully executed and legally binding.
In the unlikely event that you face any issues or if your employer fails to make payment, we will be more than happy to assist further.
In addition to financial compensation, employees can negotiate various other terms in their settlement agreements. For instance, a settlement agreement can confirm that your employer will provide a reference for future employment. You can even agree on the precise wording of the reference and set a specific timeframe within which it must be provided. These terms ensure clarity and safeguard your professional reputation. When working with our employment specialists, additional requests can be incorporated into the settlement agreement during the negotiation process. Obtaining expert legal advice is crucial to fully understand your options and secure the best possible outcome
Our legal fees will usually be paid by your employer so there should be no cost to you.
The Settlement Agreement will include a clause confirming payment for Legal Advice, which will cover Fairmont Legal fixed fee of £500 plus VAT.
We will invoice your employer directly and you can rest assured that there will be no cost to you.
Contact our team today for free initial advice and discover how we can help you secure the best possible Settlement Agreement
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