Settlement Agreements for Employees
When an employee and their employer part ways due to redundancy, a complaint or a particular grievance, it can often lead to a dispute. As a result, it’s now common for employees in this situation to be offered a settlement agreement by their employer when they leave their job early.
What is a settlement agreement?
A settlement agreement is a legal contract which ends the relationship between you and your employer on jointly agreed terms.
As part of this agreement, it is normal for your employer to agree to pay you a sum of money. They may also agree to provide you with a reference for future employment.
In return, under the terms of a settlement agreement you agree not to pursue an employment tribunal claim against your employer for terminating your employment because of a particular complaint. This could include discrimination, such as sex discrimination, age discrimination or racial discrimination. It can also include bullying in the workplace or another form of unfair treatment during your employment.
For the settlement agreement to be signed, you must receive advice from an independent adviser, such as a specialist employment solicitor.
Our employment law expertise
Barcan+Kirby’s employment lawyers can advise employees going through redundancy or the termination of their contract on any settlement agreement received from their employer.
Our settlement agreement lawyers can advise you on the consequences of signing your settlement agreement. Our expert solicitors explain the meaning of particular clauses to you and negotiate on your behalf with your employer for better terms.
Fees for settlement agreements
Although it’s common for employers to contribute to the costs of settlement agreements, sometimes they provide a limited budget. Our fixed-fee packages are designed to help you keep the costs of your advice under control. Our packages start from £450 + VAT.
If your employer’s contribution doesn’t quite cover your legal costs, our settlement agreement lawyers can sometimes help you negotiate an increased budget.