In simple terms, a Settlement Agreement is a legally binding written agreement between an employer and an employee that is entered into on the termination of an employee’s employment.
A Settlement Agreement sets out the terms upon which the employee and the employer are to part company. It invariably involves the employee receiving a sum of money as severance pay or compensation, in return for which the employee agrees not to bring a claim against the employer in the Employment Tribunal or court.
The need for a Settlement Agreement Solicitor arises in a variety of situations, including redundancy.
We specialise in advising employees on the terms of settlement agreements. In is a completely independent service and the legal costs are usually paid by the employer.