Compromise and Settlement Agreements

A Settlement Agreement, previously known as a Compromise Agreement, provides an employee with compensation for losing their job, and in return the employee agrees to not pursue a legal claim against the employer.

Compromise and Settlement Agreements

A Settlement Agreement will usually cover issues such as settling all current and future legal claims and payment of any money owed to the employee.

To be legally binging, a Settlement Agreement must;

  • Be in writing
  • Relate to the employer’s particular complaint or legal proceedings
  • Record that the statutory conditions for settlement agreements has been met and
  • Confirm that the employee has had legal advice from an independent advisor and identify the independent advisor.

If your employer has offered you a settlement agreement you should take advice from an experienced employment law Solicitors who can advise and negotiate the terms of your agreement if required.

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Initial advice with one of our employment solicitors is a fixed fee of £150 plus VAT which includes a detailed follow up letter of advice

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