Settlement agreement and employment contract advice
For expert advice on matters in relation to Settlement Agreements and Employment Contracts, contact our Employment team on 01202 525333.
A settlement agreement is a legally binding agreement where an employee agrees to waive their rights to bring a claim against their employer in return for a payment under the agreement, usually a compensation payment. A settlement agreement will usually include a contribution towards legal fees, which we will invoice the employer directly.
Settlement agreements can be negotiated at any time during your employment, particularly if there is an ongoing dispute or a risk that you could bring a claim. Often, reaching an agreement is the best outcome for both parties and achieves a clean break without Employment Tribunal litigation.
Our employment lawyers are experienced in negotiating settlement agreement, and providing advice. If you have been provided with a settlement agreement, we can deal with these swiftly and efficiently: the agreement can be explained over the telephone (or face to face if required), and the agreement can be signed electronically (we can arrange for you using DocuSign if you do not have access to a scanner, subject to the employer being happy to complete the agreement using electronically). Please get in touch if you have any questions or wish to arrange an appointment.
Post-termination restrictions, also known as restrictive covenants, are clauses usually found in your employment contract that prevent you from taking various steps when your employment ends to protect the employer’s business. For example, they may prevent you, for a set period of time i.e. 12 months, from: working for a competitor or setting up in competition, approaching or dealing with their customers, or taking their staff. However, if you are placed on garden leave during your notice period there is sometimes provision for the covenants to be reduced in line with the time spent on garden leave.
Restrictive covenants are only valid and enforceable if they protect a legitimate business aim and are reasonable enough to protect the interests. If you have questions about restrictive covenants, or the enforceability if you decide to leave your employer, if your employer is trying to introduce new restrictions, our employment team are on hand to provide you with practical guidance and advice.
Settlement Agreement Advice and Negotiations
Our employment lawyers are very experienced in negotiating and advising employers and employees on settlement agreements. We understand that this can be a daunting process. We are here to help and support you in discussing the background, advising you in relation to negotiation and explaining the impact of the agreement. We will always help you find the best possible outcome as quickly and cost effectively as possible.
Advice relating to post-termination restrictions
Restrictive covenants will only be valid if they protect a legitimate business aim and the protection is no more than is reasonable to protect the interests of both parties and the public. Our employment team are on hand if you require guidance and advice on this area.
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