We have a team of specialist employment solicitors on hand to assist you during redundancy. They will advise you on the terms and effect of the proposed agreement and in some circumstances to negotiate more favourable terms on your behalf. We also draft settlement agreements for employers.
The aim of a settlement agreement (or a compromise agreement as they were previously known) is to achieve a "clean break" between an employer and employee when a contract of employment is to be terminated or a dispute is to be resolved. Settlement agreements are used in a range of circumstances, most often in redundancy situations where the employer is making an enhanced redundancy payment in return for a guarantee that the employee will not bring any claims against them.
If you are:
- Being made redundant
- Mid disciplinary or performance proceedings and looking to do a deal
- Being offered severance terms
It is likely that you will be asked to sign a settlement or compromise agreement.
In a recent successful case... we were able to increase the overall value of a severance package offered under a settlement agreement by our client’s employer by nearly £40k.