We provide expert advice on settlement agreements.
Settlement agreements (formerly known as compromise agreements) may be offered by employers when considering terminating employment or otherwise seeking to resolve an employment dispute.
A settlement agreement:
is a legally binding agreement between an employer and employee used to resolve or avoid a workplace or legal dispute;
is governed by specific legal requirements, to include the receipt of independent legal advice;
prevents an employee from bringing claims arising out of their employment and/or its termination;
entails the employee waiving important contractual and statutory employment protection rights;
can be complex and confusing.
We have years of specialist expertise in advising on, negotiating and drafting settlement agreements across a range of sectors.