Employment Law

Settlement Agreements

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A Settlement Agreement offers a convenient way to settle claims that a departing employee may have. they can be offered at any stage of employment.

It is an agreement whereby an employee waives his/her rights to bring an employment claim . Employers will offer a Settlement Agreement when they want to terminate a contract on terms mutually agreed with the employee. Settlement Agreements:

•  Should be Voluntary
•  Must be in writing
•  Specify the claims being waived
•  Include a reference clause and payment

Employees should be given a reasonable amount of time to consider the proposed conditions of the agreement. The ACAS Code of Practice on Settlement Agreement specifies a minimum 10 calendar days unless the parties agree otherwise.

UPTO £30,000 CAN BE PAID TAX FREE.

We are highly experienced in advising on settlement agreements and negotiating the terms, for a wide variety of clients from various industry sectors.

You can benefit from our experience to ensure the best possible settlement terms and outcome. Contact us to discuss if you have been asked to sign a Settlement Agreement by your employer.