A Settlement Agreement offers a convenient way to settle claims that a departing employee may have. they can be offered at any stage of employment.
It is an agreement whereby an employee waives his/her rights to bring an employment claim . Employers will offer a Settlement Agreement when they want to terminate a contract on terms mutually agreed with the employee.
- Should be Voluntary
- Must be in writing
- Specify the claims being waived
- Include a reference clause and payment
Employees should be given a reasonable amount of time to consider the proposed conditions of the agreement. The ACAS Code of Practice on Settlement Agreement specifies a minimum 10 calendar days unless the parties agree otherwise.
UPTO £30,000 CAN BE PAID TAX FREE.
We are highly experienced in advising on settlement agreements and negotiating the terms, for a wide variety of clients from various industry sectors.
You can benefit from our experience to ensure the best possible settlement terms and outcome.
Contact us to discuss if you have been asked to sign a Settlement Agreement by your employer.
A settlement Agreement can only be recognised if a Solicitor or Certified Trade union or advisor signs it.
OUR COSTS GUARANTEE:
We will not charge more than the legal fees agreed by your employer for reviewing and advising you on the settlement agreement.BOOK AN APPOINTMENT