By signing a settlement agreement, you are giving up your legal rights against your employer in exchange for compensation.
The settlement agreement is not valid unless you have independent legal advice on the agreement before you sign. The employer usually contributes towards legal fees for this advice.
Most settlement agreements require the employee to leave the company and contain provisions for confidentiality, mutual ‘no bad mouthing’ and an agreed reference.
Settlement agreements provide certainty for both employers and employees and give employees compensation without the time, risk and costs of Employment Tribunal proceedings.
We have over 20 years’ experience in advising on settlement agreements and terminations for various different sectors. We have particular expertise in advising on terminations for City banks and other financial businesses.
For more information, please call us on 020 7563 5477.
“Getting good advice early can save you time and money.”