If your employer wishes to discuss a settlement agreement, it is imperative that you seek legal advice immediately. As a niche organisation, our team focuses solely on settlement agreements; therefore, we have first-in-class experience and knowledge of the law and procedure surrounding them. You can contact us on 0800 048 5667 in complete confidence.
Read moreThe most common non-financial term included in a settlement agreement is a positive reference. However, you can negotiate to receive gardening leave, a confidentiality clause (barring your former employer from saying negative things about you), a career coach, and work-related items such as your company car, mobile phone, and/or laptop.
Read moreThe following sums are usually included in a settlement agreement: contractual payments up until the end of employment payment in lieu of notice a termination payment, including an ex gratia payment bonus payments / share schemes/ long-term incentive plans (LTIPs) further sums as consideration for any confidentiality clauses and/or post-termination restrictions all other statutory/contractual claims […]
Read moreThe financial settlement you receive depends on many factors, including your job and the industry you are employed in, and your ability to negotiate for compensation. Our experienced settlement agreement solicitors are expert negotiators and can also persuade your employer to enter into an agreement if they are reluctant to do so. Our settlement calculator […]
Read moreA settlement agreement provides several advantages, including: you will avoid the stressful, expensive, and slow process of bringing a legal claim you can negotiate a positive reference unlike bringing a claim in the Employment Tribunal, the financial settlement is guaranteed you can negotiate for non-financial benefits as well as a financial settlement Our expert team […]
Read moreThere are several circumstances in which a settlement agreement provides a positive solution. You may have one or more grievances/claims and rather than go to the Employment Tribunal, you and your employer may agree to enter into a settlement agreement. Situations which can lead to a settlement agreement include: unpaid wages, salary, or bonuses discrimination […]
Read moreTo be legally valid, a settlement agreement must: be in writing. relate to a particular complaint or particular proceedings. only be signed after the employee has received independent legal advice from an identified advisor who holds the required professional indemnity insurance. state that the conditions regulating settlement agreements under the relevant statutory provisions have been […]
Read moreA settlement agreement is a legally binding contract between an employer and employee. Essentially, the agreement states that the parties will end their relationship, with the employee waiving the right to make a claim in the Employment Tribunal in exchange for a ‘settlement’ which can comprise of money and/or benefits.
Read more