Why do Employers Use Settlement Agreements?
Making use of a settlement agreement can often avoid formal disciplinary action, or even redundancy in some instances. This can save employers time and money, and can also remove the risk of unfair dismissal claims.
To prevent employment law claims, the settlement agreement has to meet certain requirements. It must be in writing, and the employee must get independent legal advice on what the agreement means, from a qualifying legal adviser, such as a settlement agreement lawyer. A properly drafted settlement agreement is legally binding, and is only valid if you have taken independent legal advice, so we recommend you speak to our settlement agreement lawyers. In some cases, your employer will contribute toward your costs.
How Can We Help You?
Your employer will offer to draft the settlement agreement, our settlement agreement lawyers will help you negotiate the terms, to ensure they are fair. These terms could include:
- Compensation or redundancy payments
- Confidentiality agreements
- An obligation not to make negative comments about you
- An agreed reference