Employment Law Solicitors supporting SME owners
With the cost of living rising, and businesses still adjusting to a post-Brexit and COVID era, employers have started reviewing their outgoings. Often, wages are a business’s largest expense. As a result, an increase in redundancies has been forecast.
If you are faced with making tough decisions, Attwells Solicitors are here to help. We support business owners with practical legal business advice from SMEs to large corporations.
Therefore, if you are thinking about making employees redundant or undertaking pre-termination negotiations please call us. Equally, if you need support with HR issues Attwells can help. We can support your business with finance agreements, shareholder, partnership agreements, mergers, and joint acquisitions.
What is a settlement agreement?
Settlement agreements (formerly called compromise agreements) are legally binding agreements that set out the full terms of an agreement between an employer and employee, where an employee agrees to sign away their rights to bring a claim against their employer in return for a cash sum.
Typically, settlement or compromise agreements are offered to employees when a dispute in the workplace arises, a redundancy process is being undertaken or when employee misconduct is alleged. But, they can also be used when settling potential or actual Employment Tribunal claims.