The average person will spend 90,000 hours at work! It is therefore not unusual for there to occasionally be a disagreement between employer and employee. Whilst the large proportion of disputes are resolved to the satisfaction of both parties, there may occasionally be a need for the parties to enter into a settlement agreement. Settlement agreements were formerly known as compromise agreements

What is a settlement agreement?

Essentially a legally binding contract which records the intentions of the employer and employee at the end of employment, redundancy, or following a grievance. Usually it will embody terms of financial settlement, compensation, payment in lieu of notice sum and a clause foregoing the employee’s rights to bring a claim before the Employment Tribunal.

Why do I need independent legal advice?

Being a particularly sensitive document, a settlement agreement is not legally binding until, you have had independent legal advice from a practicing solicitor, and an advisor’s certificate issued. This needn’t be daunting though as the employer will usually make payment to your solicitor, making your settlement agreement advice free of charge.

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Harjas S. Sehra

01753 325100

Whatever your legal requirements, our solicitors are on hand to provide you with clear, informed and professional advice.

Why not call our commercial solicitors in Slough todayon 01753 325100 to arrange your no obligation consultation?

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