Settlement Agreement

What is a Settlement Agreement?

• A Settlement Agreement (formerly known as a Compromise Agreement) is an agreement between you and your employer, which seeks to settle any claims that you may have.
• You may receive it during or at the end of a redundancy process, disciplinary process or grievance process.
• It usually provides for a payment by the employer in return for your agreement not to pursue any claims against your employer in a Tribunal or a Court.
• The employer will usually require you to keep the terms confidential, for example the amount and the circumstances relating to the termination of employment.
• In order for the agreement to be binding a number of conditions will need to be satisfied including seeking independent legal advice.

This is where we can help.

We have a team of lawyers who are experienced in assisting individuals to navigate through this process at what can be an extremely challenging time. Please do contact Sejal Raja or Safwan Afridi.