Settlement Agreement Guidance
The law stipulates that employment rights can only be relinquished under specific conditions. You must obtain legal advice from a qualified advisor to fully understand your employment rights. Following this, both you and the advisor must sign a document in the correct format, known as a settlement agreement. This agreement is crucial as it bars you from initiating claims in the employment tribunal.
A settlement agreement orchestrated by a settlement agreements solicitor will typically include a termination payment and detail the terms of how and when your employment will conclude. Additionally, it may cover aspects such as:
- The taxation applicable to the termination payment
- The continuation of any benefits post-termination of employment
- The provision of a reference by the employer
- The imposition of any restrictive covenants
There could be additional terms included in the agreement. As your settlement agreements solicitor, our role extends beyond merely explaining the settlement agreement’s implications. We are here to advise you on your potential courses of action. You might choose to accept the proposed package, negotiate for better terms, or, if an agreeable settlement cannot be reached, consider rejecting the settlement agreement to uphold your employment rights. The decision rests solely with you. Upon receiving your instructions, we will guide you on the best way to proceed.
Our team of solicitors is adept at advising employers on all facets of settlement agreements, ensuring that you are well-informed and supported throughout the process.
For more information, please email us or leave your details here and we will call you at a time that suits you.
Simply complete our form below, upload your settlement agreement (if you have one) and one of our experienced employment lawyers will call you to discuss.
- https://grantsaw.com/People/michael-pope
- https://grantsaw.com/People/lauren-smith
- https://grantsaw.com/?post_type=people&p=4702
Meet the Employment team
