What is a settlement agreement?
Settlement Agreements (previously: compromise agreements), prevent an employee from bringing claims against their employer.
Employment Settlement Agreements are quite common, it is the only way that an employer can be one hundred percent sure that an employee will not bring a future claim against them.
For example, it is possible for an employer to have a confidential conversation with their employee discussing terminating their employment, which may result in a Settlement Agreement being provided.
When an employee signs a Settlement Agreement, they are signing away their right to bring a claim against their employer.
An employee must also be given independent legal advice about the terms of the Settlement Agreement.
Speak to a specialist settlement agreement solicitor
Our team of expert employment law solicitors can help with a wide range of challenges and issues including settlement agreements and employment contracts. Get in touch with a specialist today for more personal advice and guidance.
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You can contact our specialist team of solicitors on 01202 525333, or alternatively, send your enquiry to settlementagreement@ellisjones.co.uk or visit our contact page to find our more.
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