If you need independent legal advice on a Settlement Agreement, speak to one of our Settlement Agreement solicitors today by calling us on 020 8088 9100 or by using our online contact form here.
Our Settlement Agreement solicitors are hugely experienced at providing legal advice on all types of settlement agreements. So if you have been given an employment Settlement Agreement and you need help to make that Settlement Agreement legally binding, it’s important that you obtain Settlement Agreement advice quickly. Speak to one of our Settlement Agreement solicitors today.
A Settlement Agreement is a legally binding contract that brings an employment relationship to an end and settles any potential legal claims (including Employment Tribunal claims) that an employee might otherwise bring against his or her employer. A Settlement Agreement will often involve a termination payment being made to the employee. For a Settlement Agreement to be a legally binding contract, an employee must have first received independent legal advice on its terms. A Settlement Agreement used to be called a compromise agreement.
Along with the Settlement Agreement terms settling all Employment Tribunal claims, a Settlement Agreement will also include lots of other clauses. For example, most Settlement Agreements will contain a confidentiality clause, preventing the employee signing the Settlement Agreement from discussing the contents of the Settlement Agreement. Other Settlement Agreements will also highlight important clauses already contained in the employee’s employment contract (such as those relating to things like post-termination restrictive covenants). So before you sign a settlement agreement, make sure you get advice from specialist Settlement Agreement lawyers.
The legal costs involved with obtaining legal advice on a Settlement Agreement can vary depending on the type of legal advice you need. Also, the vast majority of Settlement Agreements have a clause in them making a contribution towards an employee’s legal fees in getting advice on the Settlement Agreement. Usually, this legal fees contribution is around £500+VAT. Therefore, if you need advice on the Settlement Agreement and its employment law implications on you, our Settlement Agreements solicitors will usually be able to do that Settlement Agreement advice for £500+VAT. However. if you need our expert legal advice for Settlement Agreement negotiations (which would usually involve our employment solicitors considering what legal proceedings and Employment Tribunal claims you may have), the fees could be higher; but our employment solicitors would always be upfront with you about fees form the outset.
Yes. Before you can sign a Settlement Agreement, it is a legal requirement that you must seek legal advice and receive independent legal advice on the terms and effect of that Settlement Agreement before you can sign it. So whenever you are offered a Settlement Agreement, you must obtain advice from specialist employment lawyers for the Settlement Agreement to be a valid Settlement Agreement.
For advice on a Settlement Agreement, speak to one of our employment solicitors today on 020 8088 9100 or by contacting us online here.
To speak to one of our experts today, please contact us on 02920 829 100 or by using our Contact Us form for a free initial chat to see how we can help.
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