Settlement Agreement Solicitors in Colchester
Settlement agreements (formerly called compromise agreements) are legally binding agreements between an employer and employee. Your employer will contribute towards your legal costs in obtaining advice on the terms of the agreement and therefore we can offer the vast majority of our clients a completely FREE service.
When signing a settlement agreement an employee agrees to sign away their rights to bring an Employment Tribunal claim against their employer in return for a cash sum.
Settlement agreements are used for redundancy, workplace disputes, or when resolving potential or actual Employment Tribunal claims. We offer clients an online settlement agreement review service. You need only answer a handful of simple questions and a member of our Colchester Employment Law Team will review your settlement agreement and give you a call back to discuss your agreement, all completely free of charge.
Our approach to negotiating settlement agreements
Our approach to settlement agreements is to offer fixed-fee advice. Therefore, you will never receive an unexpected bill. Equally, as part of our jargon-free law promise, we will unravel the complex nature of employment law and the terms used.
Partner, Lloyd Clarke has significant experience in all types of workplace disputes, not just settlement agreements. This includes the bringing and defending of claims in the Employment Tribunal Court.
Attwells are proud that we always achieve a high rate of success for our clients. Our Feefo and Review Solicitor rating reflects this too.
What is a settlement agreement?
What should be included in a settlement agreement?
A tax-free compensation sum payable to the employee (up to a maximum of £30,000): Once you have submitted your settlement agreement for review, one of our settlement agreement solicitors can advise you on this matter. If they feel you are not receiving enough compensation, your settlement agreement solicitor will recommend negotiating on the compensation.
Negotiating settlement agreement compensation very often represents a wise investment, given the legal costs involved are hugely outweighed by the additional compensation received.
Legal fee contribution by your employer: As your employer contributes towards your legal fee, we can normally offer you a FREE settlement agreement service.
Confidentiality clauses: A confidentiality clause requires both the employee and employer to not disclose matters related to the settlement agreement.
Provision of a reference: This ensures you are able to receive a reference from your former employer in the future, allowing you to secure future employment elsewhere.
A requirement for a solicitor to advise you on the terms of the settlement agreement: Our settlement agreement solicitors are able to advise you on the terms and effect of your settlement agreement within 24 hours. The quickest way to receive settlement agreement advice is the submit your settlement agreement via our legal portal.
Termination payments such as notice pay, holiday pay, bonus, etc: Your holiday entitlement, any bonus, plus your notice period should be paid as part of your settlement agreement. Our Settlement agreement solicitors will ensure this is paid to you.