Settlement Agreements advice for Employees
If an employer offered you a settlement agreement or you are considering one as a way to bring an amicable end to your employment, it’s advisable that you seek settlement agreement legal advice before you move forward.
At Davenport Solicitors, we help employees negotiate the terms of a settlement agreement and advise on if that is the most favourable route for their individual circumstances. Contact us here to find out more.
What is a Settlement Agreement Legal Advice for Employees?
A Settlement Agreement is a legally binding agreement negotiated between an employee and employer to bring their relationship to an amicable solution and avoid employment tribunal proceedings. It is sometimes referred to as a “golden handshake”.
If you are an employee who has been unfairly dismissed or treated by your employer, you can consider entering a settlement agreement with your employer. You would be required to obtain independent legal advice on the terms of a settlement agreement and the implications of entering into such an agreement.
Our specialist Settlement Agreement Lawyers at Davenport Solicitors can provide you with legal advice on the terms and effects of a Settlement Agreement. We can assess the merits of your claim and even negotiate the terms of the agreement with your employer on your behalf.
If you decide to enter into a Settlement Agreement, we can provide you with legal expertise to ensure that you are getting the “best deal” possible. Contact us here for support and legal advice on your settlement agreement.
What are the benefits of Settlement Agreements for Employees?
With a settlement agreement, you and your employer can part ways amicably. A Settlement Agreement includes an agreed settlement sum which you will receive from your employer. In return, you must usually agree not to pursue any employment tribunal proceedings against your employer.
Why Have I Been Asked to Sign a Settlement Agreement by my Employer?
A UK-based employer might propose a settlement agreement to formally and legally cover the terms of the termination of your contract. The settlement agreement will ensure you are unable to bring employment claims against your employer in respect to the termination and would make clear the payments you will receive and other benefits.
It’s best to resolve all lingering issues in your settlement or compromise agreement. If you’re unsure of what to do, it’s strongly advised that you seek legal advice and support from settlement agreement lawyers for employees to ensure you get the best deal.
Are Settlement Agreements Legally Binding?
Yes, settlement agreements are legally binding. They operate like any other legally binding contract that provide or remove rights. The rights in this case being the right to bring a claim to the Employment Tribunal concerning the employment which are removed by virtue of the settlement agreement.
If you have been asked to sign a settlement agreement or you are considering bringing up one with your Employer to end your contract, it’s advisable that you seek settlement agreement legal advice.
Should I accept a Settlement Agreement?
You don’t have to accept a settlement. If you have received a settlement agreement from your employer, seek legal advice for guidance on the best offer. A settlement agreement solicitor in the UK can provide helpful legal advice during the process and help with negotiating a settlement agreement.
How can we help?
At Davenport Solicitors, we can:
- Negotiate a settlement for you
- Advise you on the terms of the Settlement Agreement and, if necessary, negotiate the terms with your employer
- Provide you with clear and pragmatic advice as to whether you have any potential claims
- Advise you on whether you are getting a “good deal”
With our experts on your side, you can get the best possible outcome.
Contact our Employees’ Settlement Agreement Solicitors for Legal Advice and Support here.