Settlement Agreements
Settlement Agreement Lawyers in Ipswich, Colchester & St. John’s Wood
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 settlement agreement. Therefore, we can offer the vast majority of our clients a completely FREE service. Call now on 01206 766333.
Signing your agreement
When signing a settlement agreement an employee agrees to sign away their rights to bring an Employment Tribunal claim against their employer. This is in return for a cash sum.
Settlement agreements are used for redundancy and working disputes. A settlement agreement can also be used 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. Then one of our Employment Law Team will review your settlement agreement and call you to discuss it. All completely free of charge. Call now on 01206 239757.
Our approach to negotiating your settlement agreement
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 approach, we will unravel the complex nature of employment law.
Lloyd Clarke, Partner, and Head of Employment Law has significant experience in negotiating substantial and complex settlement agreements. In addition to all types of workplace disputes, and bringing and defending Employment Tribunal claims.
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?
Firstly, 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.
Secondly, a legal fee contribution by your employer: As your employer contributes towards your legal fee, we can normally offer you a FREE settlement agreement service.
Next, confidentiality clauses: A confidentiality clause requires both the employee and employer to not disclose matters related to the settlement agreement.
Then, 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.
Next, the 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 effects 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.
Finally, 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.
I advise employers, employees, independent contractors, businesses and individuals in contentious and non-contentious matters, regularly appearing in the Employment Tribunal.
My clients value my tenacity, attention to detail, communication and negotiation skills, alongside my supportive approach to all of my client relationships.
What you can expect when instructing Attwells Solicitors
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