Settlement Agreement Lawyer in Baconsfield

A settlement agreement (previously known as a compromise agreement) is a contract where an employee agrees to give up claims against their employer, usually in exchange for compensation. 

Usually, a settlement agreement is used in connection with ending the employment on agreed terms. However, it could also be used when the employment is going on, but where both parties need to settle a dispute that has arisen between them.

If the settlement agreement is regarding you leaving the business, the company will usually stipulate terms about your exit from the company, for example, confidentiality clauses and restrictions on compensation.

Why do Employers Use Settlement Agreements?

Making use of a settlement agreement can often avoid formal disciplinary action, or even redundancy in some instances. This can save employers time and money, and can also remove the risk of unfair dismissal claims. 

To prevent employment law claims, the settlement agreement has to meet certain requirements. It must be in writing, and the employee must get independent legal advice on what the agreement means, from a qualifying legal adviser, such as a settlement agreement lawyer. A properly drafted settlement agreement is legally binding, and is only valid if you have taken independent legal advice, so we recommend you speak to our settlement agreement lawyers in Beaconsfield. In some cases, your employer will contribute toward your costs.

How Can We Help You?

Your employer will offer to draft the settlement agreement, Beaconsfield settlement agreement lawyers will help you negotiate the terms, to ensure they are fair. These terms could include:

  • Compensation or redundancy payments
  • Confidentiality agreements
  • An obligation not to make negative comments about you
  • An agreed reference

If you have any questions, give us a call, or visit our settlement agreement lawyers in Beaconsfield, to talk your case through.

Let us call you back

If you require legal assistance and would like someone to call you to discuss the issue, complete your information in the online enquiry form here and one of our solicitors will be in touch with you to tell you how we can help.

Alternatively you can contact us on 01753 592 000

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