For a variety of reasons, an employer or employee may want to bring the employment relationship to an end using a settlement agreement. They can be used for redundancies, mutually agreed terminations or to resolve a dispute, such as a claim against the employer or proposed disciplinary action against, or dismissal of, the employee.
A settlement agreement is a legally binding contract used to set out agreed terms and conditions to end an employment relationship or resolve a dispute. The employee will usually be offered payment in return for accepting a settlement agreement.
It is a legal requirement to seek independent legal advice before signing a settlement agreement, and the employer will almost always offer either a financial contribution towards legal costs or will cover legal costs in full.
How can we help?
We understand that bringing the employment relationship to an end or resolving a dispute can be a daunting experience for an employee.
Our experienced employment solicitors are here to explain your options, assess your offer, and help you get the right result, making sure you understand the wording and conditions of your settlement agreement
Where relevant, we will do our best to negotiate with your employer to try to minimize or get you released from prohibitive restrictive covenants that may follow from the termination of the employment relationship and could restrict your ability to get a new job.
We pride ourselves on providing a friendly, fast and efficient service, finalising settlement agreements with even the most urgent deadlines.
Claims against your employer
If you have claims against your employer these maybe settled via a settlement agreement or a COT3. A COT3 is very similar to a settlement agreement, but used where ACAS have assisted to conciliate the claim.
Get in touch
If you’re facing any difficulties at work or if your employer has discussed the possibility of a settlement agreement with you, don’t hesitate to get in touch with us. Please contact: