What is a settlement agreement?
A settlement agreement is a legally binding document which settles any claims an employee may have against its employer to ensure a clean slate.
They are used by employers and HR department to resolve workplace disputes; usually this process takes place when a contract is terminated.
How does a settlement agreement affect me?
Once a settlement agreement is signed, you will not be able to pursue any potential claims against your employer. Often, settlement agreements contain a full and final settlement clause whereby you agree to a lump sum amount and waive the right to bring any claim against your employer.
If your employer has offered a settlement agreement, you should seek expert legal advice on the terms of the settlement agreement at the earliest stage. It is essential you get a settlement agreement that is right for you.
You will want to ensure your Employer’s proposed settlement agreement is fair and reasonable given the circumstances. Important circumstances to consider are the strength of your claim if you went to an Employment Tribunal and how the agreement would impact your legal position.
Our lawyers can provide advice on any potential claims you may have and provide expert negotiation to ensure that you are compensated for your employment termination.
What are the legal fees?
We do not charge our clients for advice on settlement agreements as our legal fees are covered by the employer. The amount your employer is prepared to pay for your legal fees is normally set out in the settlement agreement.
Why Adam Bernard
- Our London-based employment lawyers are experts at handling settlement agreements.
- We offer competitive fees and a structured payment plan tailored to your needs.
- See our client testimonies from previous constructive dismissal claims for more information.
Call us, chat with us or simply fill in the contact form and we will be glad to help you ASAP!