When the relationship between employer and employee irretrievably breaks down, one solution is for both sides to enter into a 'settlement agreement' (known formerly as a compromise agreement). Our specialist settlement agreement solicitors not only draft settlement agreements for employers, but also provide employees with the independent legal advice required on a settlement agreement.
What Are Settlement Agreements?
A settlement agreement is a legally binding agreement which allows the employee to receive an agreed tax free lump sum. In return, the employee agrees not to pursue their case to an Employment Tribunal or the civil courts. Moreover, it is also possible to include an agreed reference within the settlement agreement.
A settlement agreement is usually drawn up by the employer’s solicitor. To be valid, a settlement agreement must comply with the following requirements:-
- The agreement must be in writing
- The nature of the dispute being settled must be specified within the settlement agreement
- The agreement must include a statement confirming that the conditions governing settlement agreements have been complied with
- The employee must have received independent legal advice on the settlement agreement. This must be from a person who is qualified and insured to provide it, such as their solicitor. The settlement agreement must also identify who that person was. The employer pays the costs involved for the employee taking this advice.
Specialist Settlement Agreement Solicitors
All of our settlement agreement solicitors have many years of experience in handling, drafting, and advising upon settlement agreements. Often, the compensation offered is low compared with what you could obtain at an Employment Tribunal. In most cases, our settlement agreement solicitors are able to broker an increase in compensation should you wish us to.
How To Obtain Advice From The Settlement Agreement Solicitors
Settlement Agreement Solicitors: Frequently Asked Questions
Local Offices in Cheshire, Manchester, Liverpool, And Nationwide
Should you require advice on a settlement agreement face-to-face in person with one of our settlement agreement solicitors, then you will be able to arrange an appointment at an office local to you. As stated above, we have offices in Wilmslow (Cheshire), Manchester, Liverpool, Chester (Cheshire), Preston, Sheffield, Leeds, Birmingham, Nottingham, Exeter, London, Bristol, Warrington (Cheshire), and Stoke-on-Trent. There are specialist settlement agreement solicitors at all of our offices.
An appointment with one of our settlement agreement solicitors can usually be arranged, even at short notice.
How Long Does It Take To Complete A Settlement Agreement?
Completion time depends upon how complex the dispute is, and a willingness by sides to resolve matters. Nevertheless, our settlement agreement solicitors are normally able to broker a resolution and complete the overwelming majority of settlements agreements very quickly.
How To Contact Us
To contact The Employment Law Solicitors about an employment law problem, please either telephone us on 0333 3010 700 or complete the short questionnaire above. Simply click the 'Send Now' button to submit the questionnaire once you have completed it. Upon receipt, it will be assessed by a solicitor who will then contact you to discuss the matter. The solicitor appointed to contact you, will be a specialist in your type of employment law issue. The Employment Law Solicitors handle cases on behalf of clients throughout the country. Headquartered in Wilmslow (Cheshire), we also have offices in Manchester, Liverpool, Warrington (Cheshire), Chester (Cheshire), Birmingham, Leeds, Sheffield, Exeter, London, Nottingham, Bristol, Stoke-on-Trent, and Preston.
This initial consultation is completely free of charge.