Legal advice for your settlement agreement
A settlement agreement (previously known as a compromise agreement) provides an employee with compensation for losing their job, and in return the employee agrees not to pursue a legal claim against the employer.
A settlement agreement will usually cover issues, such as settling all current and future legal claims and payment of any money owed to the employee.
Settlement agreement advice
To be legally binding, an agreement must:
- Be in writing
- Relate to the employee’s particular complaint or legal proceedings
- Record that the statutory conditions for a settlement agreement has been met
- Confirm that the employee has had legal advice from an independent adviser and identify the independent adviser
Further information regarding settlement agreements, and the most frequently asked questions our employment law team receive, please visit our settlement agreements faq page.
Our settlement agreement solicitors
If your employer has offered you a settlement agreement, you should take advice from experienced employment law solicitors who can advise and negotiate the terms of your agreement.
Nelsons has a team of specialist settlement agreement solicitors who can act as independent advisers for your settlement agreement. This means we are qualified solicitors with appropriate indemnity insurance in relation to providing the advice.
Our team can also advise on tax issues and senior executive exit packages.