Settlement Agreements for Employees
Settlement Agreements serve as legally binding contracts made between an employer and employee (or former employee) in order to settle a claim, and in many cases end the employment, on mutually agreed terms. They also waive the individual’s legal right to any future claim or action, including making Employment Tribunal claims or seeking court remedies on the matters specifically covered in the settlement. This type of agreement can be proposed in advance of other formal processes, often including some level of payment to the employee made by the employer, and can also include features such as a reference.
It’s important to know that in order for the Settlement Agreement to be legally valid, it needs to be recorded in writing, with reference to the particular complaint or proceedings being settled. Additionally, both the employer and the employees must access independent legal advice before signing any Settlement Agreement.
Employees must be aware of their rights when they are offered a Settlement Agreement by their employer, to help them understand what they should do next. It is also worth noting that Settlement Agreements can also be offered from an employee to an employer.
We service Shrewsbury and the surrounding area with trusted legal services, with our dedicated employment solicitor team specialising in Settlement Agreements services including:
- Advising you on the required process for offering your employer a Settlement Agreement
- Compile new Settlement Agreement terms that can be offered to your employer based on your circumstances
- Negotiate all Settlement Agreement terms with your employer
- Review thoroughly and then advise you on your full Settlement Agreement so that you are certain you fully understand each of the terms before signing
- Tailored advice pertaining to your particular circumstances
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