Settlement Agreements
A settlement agreement (formerly known as a compromise agreement) is a legally binding contract between an employer and employee that typically brings the employment relationship to an end. It usually involves the employee agreeing not to pursue any claims against their employer in return for a financial settlement.
​Key Components
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Financial compensation
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Notice period arrangements
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Reference provisions
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Confidentiality clauses
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Post-termination restrictions
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Tax treatment of payments
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Legal costs contribution
What to Consider
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Value of potential claims
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Tax implications
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Future employment prospects
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Restrictive covenants
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Reference terms
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Pension implications
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Share schemes and benefits
Legal Requirements
In writing, Be related to a specific complaint or
claim, Must get advice from a relevant independent adviser, That independent adviser must
be insured, The agreement must name the adviser
Our Service
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Independent legal advice
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Adviser certification
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Insurance details
Costs
Most employers will contribute to your legal costs for receiving advice on a settlement agreement. We'll discuss our fees upfront and ensure you understand any costs involved.