A settlement agreement should be mutually beneficial to both parties. It is important to carefully consider the proposed agreement and seek independent advice before accepting the terms.
The employer avoids lengthy, time-consuming litigation and expense and the employee does not have to face the financial risk involved in pursuing an employment tribunal claim.
A settlement agreement, formerly known as a compromise agreement, is a written agreement between an employee and an employer, which terminates the employee’s employment on agreed terms. The agreement can also be negotiated to include a written work reference from the employer on the termination of their contract and the employee will benefit from an agreed financial compensation within an agreed timescale.
The agreement may also include payment in lieu of contractual notice, ensuring that all contractual payments are settled. Additionally, the agreement can specify what will be communicated to future employers, providing clarity and peace of mind for the employee.
Before agreeing to negotiate a settlement agreement, speak to the dedicated settlement agreement solicitors at Jones Whyte. We have the experience and knowledge necessary to get the best deal for you.
Our Scotland-based employment solicitors take a pragmatic approach to dealing with sensitive employment issues and have extensive experience, not only in settlement agreements but also in employment law claims.
We can advise you about your choices when making a settlement agreement and will guide you through the whole process.
Your solicitor will ensure the terms of the agreement are acceptable to you, and you will receive advice tailored to your specific requirements.
To find out more about settlement agreements, contact our specialist settlement and agreement solicitors.
The specialist settlement agreement lawyers at Jones Whyte will tell you not only the best way to construct your settlement agreement but also whether or not you should have one in the first place.
Contact us today and run us through the situation at work, and our solicitors will be able to tell you whether your dispute with your employer is one you should not be ending so readily and whether you have certain rights that you should pursue.
Our settlement agreement team is part of the disputes department, which deals with a wide variety of cases. These include:
Whatever kind of dispute you are experiencing, Jones Whyte will respond to your issues, support you throughout the process and ensure it is resolved positively.