Home > Employment Law > For Employers > Settlement Agreements (previously called Compromise Agreements)

Settlement Agreements (previously called Compromise Agreements)

Settlement Agreements are used where an employee and employer want to come to an amicable solution and avoid tribunal proceedings. A settlement agreement is sometimes referred to as a “golden handshake.”

At Davenport Solicitors, we understand the benefits that this style of agreements can have for employees and employers. There can be a desire to bring matters to a close in an amicable manner while protecting and respecting the rights of both parties involved in the process. As a highly experienced employment law firm based in London, we have considerable experience in this area.

There are a number of businesses that use settlement agreements to protect themselves.

Whether you are looking to provide an employee with a settlement agreement or you are an employee who has received a settlement agreement we are on hand to help you.

We believe there are a number of solutions available with respect to settlement agreements

There are a number of options available to employees when it comes to reaching an agreement and we believe that anything which avoids or omits the tribunal Process can be very beneficial. While we would not rush to accept a poor or unfitting agreement to avoid a tribunal process, we believe that all parties will ultimately show a willingness to reach a suitable agreement without resorting to a tribunal.

Our experience and success in this area means that we are a natural fit for your needs. However, we believe that every business is unique therefore every settlement agreement is likely to be different. You can rest assured that we will provide you with a bespoke service at all times.

If you are an employer, we can:

  • Draft a Settlement Agreement for you taking into account the facts of the matter and the seniority of the employee.
  • Ensure that you are protected.
  • Advise you on the terms of Settlement Agreement and ensure that you are happy with the amount offered to the employee.
  • Negotiate a settlement with the Employee.

If you would like to arrange an appointment to find out more about how we can help with respect to Settlement Agreements, please get in touch and we will be happy to help.

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68 Lombard Street, London, EC3V 9LJ

+44 (0)20 7868 2868

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