Settlement Agreement Process
The settlement agreement process will differ based on individual circumstances but will likely involve the following:-
- An offer is made by employer or employee on a ‘protected basis’. This can happen at any time during employment and can be initiated by employer or employee.
- The employer will provide a settlement agreement to the employee.
- The employee must have contact independent employment lawyer to have the settlement agreement explained.
- The independent lawyer will explain the settlement agreement and discuss any potential amendments to the agreement and/or further negotiations (if agreed).
- Once the employee is happy with the agreement, the settlement agreement must be signed by the employee, legal adviser and employer.
We are happy to have a free and no obligation telephone call with you to discuss the settlement agreement provided to you or to discuss the merits of negotiating a settlement agreement. This can be at any stage of the process.
If you would like us to negotiate on the financial terms of the agreement, we will try to build this time into the employer contribution. If this is not possible, we will agree, in advance with you, either a no-win, no-fee or a fixed fee to negotiate.
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You can contact our team on 01202 525333 or send your enquiry to email@example.com.Contact Us
What is a settlement agreement?
A settlement agreement is a legal document that means you as an employee are waiving your rights to pursue an claim or complaint against your employer. The settlement agreement will be in a prescribed form and you will need to have the agreement explained by an employment lawyer before it can be legally binding. We have a lot of experience in explaining and advising on settlement agreements. We can arrange advice and sign off on the same day, and guarantee to cap our fee for sign off to the employer contribution meaning you do not have to pay anything.
Why do I need a lawyer for a settlement agreement?
Under a settlement agreement, you are waiving your right to pursue claims or complaints. As this is a serious to agree to, the law provides that you must have the agreement explained before entering into it. We have a lot of experience in explaining and advising on settlement agreements. We can arrange advice and sign off on the same day, and guarantee to cap our fee for sign off to the employer contribution meaning you do not have to pay anything.
Will I have to pay/will my employer pay?
It is standard practice for the employer to pay your legal fees to have the settlement agreement explained. The costs contributions start at £250 plus Vat. To have the agreement explained and signed off, we guarantee to cap our fees at the employer contribution. We invoice the employer directly, meaning you will not have to pay anything.
How long will the settlement agreement process take?
We can explain and sign off the settlement agreement on the same day. Our team of employment lawyers are extremely experienced in advising employees in relation to settlement agreements We understand the importance of dealing with the matter quickly and can arrange an appointment the same day or within one working day. We can hold the appointment remotely and are well equipped and used to returning the agreements electronically. We can help you through every stage.
How much do solicitors charge for settlement agreements?
Your employer will make a contribution for legal fees which usually starts at £250 plus Vat. In order to have the agreement explained and signed off, we guarantee to cap our costs at the employer contribution meaning that you will not have to pay anything.
Can you negotiate a settlement agreement?
Yes. We have a team of employment solicitors who are experienced in successfully negotiating settlement agreements. We are happy to have a free, no obligation meeting to discuss the options for negotiation. We always try to build the costs of negotiating into the employer costs contribution. If this is not possible, we agree a fixed fee with you in advance.