Do you need advice on a Settlement Agreement? Are you being offered a fair deal by your employer?
A Settlement Agreement is a legally binding agreement setting out the terms of your termination in which you effectively sign away your right to bring an employment tribunal claim in exchange for an agreed payment from your employer. You can also agree other things, such as the content of any future job reference. You should usually be given a minimum of 10 days to consider the terms of a Settlement Agreement. A Settlement Agreement is only valid if:
- it is in writing;
- it relates to a particular complaint or proceedings;
- you receive advice from a relevant independent adviser such as a solicitor who is identified in the agreement and signs it;
- the adviser has professional indemnity insurance to protect you; and
- it states that the regulations specific to Settlement Agreements have been met.
If you have been given a settlement agreement by your employer we will read through the agreement with you, explaining each section in plain English. If we think that you are not receiving the best deal, we will explain this to you and advise you what your options are. Our fee for this work is normally paid by your employer in the event that you enter into the settlement agreement with them. Complex agreements sometimes cost more, but we can ask the employer to increase their contribution and you can agree the fees with us in advance.
If you would like to talk in confidence to one of our experienced solicitors or have any questions about your employment rights then please call us on 01268 240000 or email us at employment@palmerslaw.co.uk.
Contact us to arrange a telephone appointment:
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