If your employer has offered you a Compromise Agreement you need advice from one of our experienced Employment Lawyers.
- We can negotiate the terms of your Compromise Agreemen, and
- Advise you on your Compromise Agreement by telephone or email
- Employers will normally pay your fees for advice on a Compromise Agreement
- We can also advise on tax issues and senior executive exit packages
A Compromise Agreement usually provides the employee with compensation for losing their job, and in return the employee will agree not to pursue a legal claim against the employer.
To be legally binding a Compromise Agreement must:-
- Be in writing
- Relate to the employee's particular complaint or legal proceedings
- Record that the statutory conditions for compromise agreements have been met
- Identify the independent adviser
- Confirm that the employee has had legal advice from an independent adviser - specifically on his or her ability to pursue a claim
We can act as an independent adviser for your Compromise Agreement
An independent adviser is a qualified lawyer, or in some cases, volunteer advisers or union officials who are certified as competent to give the advice. The adviser must have indemnity insurance or another suitable indemnity from a professional body in relation to the advice.
The following items should normally be considered when agreeing a compromise agreement:-
- Settlement of all current and future legal claims
- Settlement of any allegations or complaints
- Payment of any sums owed to the employee - such as salary, outstanding holiday pay and any bonus
- Payment of the employee’s legal fees
- Agreement to provide a suitable reference
- Agreement on confidentiality