A settlement agreement is a written agreement where an employee accepts financial compensation in return for agreeing not to bring any claims against their employer. It is only valid if the employee receives independent legal advice on the settlement agreement.
A business may use a settlement agreement if they want to avoid the risks of dismissing someone or they do not want to go through a full dismissal process.
Due to the strict statutory requirements, it is important that you instruct an employment lawyer to ensure that the settlement agreement is legally compliant. If the agreement fails to comply with the legislation, the waiver within that agreement will be void for certain claims, meaning the ex-employee could still bring certain claims against the business.
Our experts have extensive experience in drafting, advising on and negotiating the terms of settlement agreements. Our in-depth knowledge means we can advise you on the most pragmatic and commercially sound way to terminate employees, so you can focus your time on running your business.
Make an enquiry
Friday 7th May 2021
THE DATA IMPLICATIONS OF HOSTING A WEBINAR
Webinars have become the new event format that many agencies have embraced to engage with customers in a remote world. Thousands of webinars took place last year and it opened brands up to a wider audience than previously possible, having attendees from all over the world take part. The B2B webinar platform BrightTalk reported a 76% increase in webinars and virtual events …
Friday 23rd April 2021
OPENING DOORS 101
As lockdown restrictions ease and with vaccine rollouts well underway, even the most cautious of employers and employees may now have one eye on an eventual return to the workplace. With the risk of COVID-19 likely lingering for a while to come, the onus is on employers to mitigate the risks and make their workplaces as safe as possible. In …