I have been offered a settlement agreement: what do I need to do?
You will need to obtain independent legal advice on the settlement agreement. This is a requirement for the settlement agreement to be considered legally binding. The reason being is that a settlement agreement brings employment to an end and will include a number of obligations/ warranties which you will need to seek advice on.
How do I obtain legal advice?
Our Employment Solicitors at Ellis Jones are experienced in dealing with settlement agreements. We offer appointments via telephone or via Teams/Zoom. A face to face appointment can be arranged if necessary. We can arrange a same day appointment and sign off.
During your appointment we would explain the settlement agreement to you, advise you in relation to any amendments and discuss the background/your potential claims that you may be settling. We will endeavour to explain the agreement without as much legal jargon as possible to ensure that you understand the agreement.
There may be scope to negotiate further with your employer to achieve a better deal, in which case, we would discuss this with you. We have a lot of experience in negotiating improved agreements.
If you are happy with the terms of the agreement, we will arrange for the agreement to be signed and will return this to your employer on your behalf. Alternatively, we can negotiate further with your employer until an agreement is reached (if agreed).
How much does it cost?
Your employer will normally contribute towards your legal fees for obtaining legal advice on the settlement agreement. If you are happy with the settlement offered, we guarantee that we will cap our fees at the contribution offered. This means to have the agreement explained and signed off, you will not pay anything to us.
If you require assistance with negotiations, we will provide you with a fee estimate for this work. It is possible for your additional legal fees to be paid by your employer by asking for an increased contribution as part of the negotiations, a fixed fee, or a no win no fee type agreement. If you are undecided about negotiation, please get in touch for a free discussion.
How can I make an appointment?
To make an appointment, or to have a free initial chat regarding a settlement agreement, please contact us on 01202 525333 or email our employment team at email@example.com.