Settlement Agreements are agreements between employees and employers which (usually) brings an end to a period of employment. They are commonly used in a redundancy situation or to settle an unfair dismissal claim. They can also be used to settle a grievance claim and allows the employment to continue. If you’ve received a settlement agreement, we can advise you on the terms and whether you could get a better deal.
If you are being made redundant, your employer will likely offer you a Settlement Agreement. It is a document containing details of the severance package your employer is offering you. This includes the redundancy payment, any ex gratia payment, and payments in lieu of notice. One important factor is if you have at least two years’ continuous employment at the point you are made redundant. If so, then you are entitled to a redundancy payment.
The document will also have confidentiality terms, and a requirement to return your employer’s property (such as a laptop or phone). It will usually also have an agreed reference.
Your employer must offer to contribute to your legal fees in taking advice on the Settlement Agreement. It is important to take advice, because once the agreement is signed, you will not be able to bring an employment-related claim against your employer.
It is important to take advice about a particular set of circumstances. Call us today to discuss your situation and how we can help.
Make A Free Enquiry
All initial enquiries are completely free of charge. If you are looking for an advocate and solicitor near you, please call us now on 01291 639280 or 0117 233 8744, email info@feakes-legal.com, or complete a Free Online Enquiry for a free no-obligation discussion, and let us explain your legal rights and options.
