Settlement Agreements

Employment lawyers – Settlement agreements

As highly experienced employment lawyers we regularly negotiate and advise on settlement agreements which used to be known as compromise agreements.

Give us a call and we will be happy to assist you.

BOLTON: 01204 565006
STOKE-ON-TRENT: 01782 212903

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If you need professional legal advice on employment law, then speak to our employment law experts today. Simply complete the enquiry form below and a member of our team will contact you to discuss your matter.

Why do I need a Settlement Agreement

The need for settlement agreements can arise when an employee and an employer are in disagreement with each other or there are issues surrounding the employment.

In this situation, the employer may approach the employee with a settlement agreement in an attempt to manoeuvre them out of the company but at the same time avoid any legal action. This agreement is in effect a legally binding contract between you and your employer. The contract must therefore comply with the relevant sections of employment legislation, otherwise, it will be unenforceable. It is wise to appoint an employment lawyer to oversee the process.

We will, at the first point of contact, explain to you the full meaning of the contract to ensure you understand the consequences of signing the document. Once we have provided you with the legal advice, you then have the option to accept the agreement as it is or ask the employer for any amendments to the agreement. Once the full terms are agreed, we will then sign the contract to certify that you were given legal advice by employment lawyers at Lexadeen Solicitors and in turn you sign and return the contract to your employer.

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How much will a settlement agreement cost me

In most circumstances, your employer is invoiced directly for the legal fees. So you are not left with the bill.

Can I discuss my settlement agreement with others

Settlement agreements are to be treated as confidential documents. Settlement agreements will express you cannot discuss the terms of the agreement with any third party like friends or work colleagues.

Do I need an employment solicitor for a settlement agreement

Some settlement agreements on which we are appointed to advise on are very straightforward, other agreements are more complicated and may involve a number of issues.

These include:

Restrictive covenants
Tax indemnities,
Confidentiality issues
The offer of a reference.

As employment lawyers, we ensure the agreement is drafted correctly after analysing the terms of the agreement and its compliance with UK legislation.