EMPLOYMENT LAW FOR BUSINESSES

SETTLEMENT AGREEMENTS

A settlement agreement is a written agreement between the employer and the employee outlining the terms of the termination. A settlement agreement can be used where you do not want to go through the procedure of formally dismissing an employee or where you are concerned about a potential claim being brought against the company in the future.

The settlement agreement will set out the terms of termination. Often the employer will agree to pay the employee a sum of money (the termination payment). In return the employee will agree to waive any potential claims against the employer now and in the future. The employer may also insist on additional clauses being included such as confidentiality provisions and restrictive covenants.

For the agreement to be legally binding the employee will need to get independent legal advice on the contents of the agreement. The legal advisor will also need to sign a certificate confirming that they have provided the employee with advice. Employers generally pay for the legal advice up to a certain fee which will depend on the circumstances.

If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat. We look forward to assisting you with your legal concerns.

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If you would like any further information or need advice about any dispute, please get in touch with us today. You can contact us today on 0161 669 4621 or by email on sbirchall@birchlaw.co.uk for a free no obligation chat.

At Birch Law we have considerable experience acting for both employers and employees in connection with settlement agreements. We can assist with the preparation and/or negotiation of a settlement agreement. For a free no obligation discuss about settlement agreements please contact us today on 0161 669 4621 or by email at sbirchall@birchlaw.co.uk.

Whichever funding route you choose, you can rest assure that our experienced solicitors will always do their utmost to keep costs as low as possible. If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat.

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