There is a place in every business for settlement agreements, previously known as compromise agreements. They have a very specific function within a business and can be offered to protect your business from a claim.
If you are in a situation with one of your staff and you think you would like to explore the option of a settlement agreement, we can help.
Call us now on 01264 353 411 for a no obligation discussion.
What Is A Settlement Agreement?
Quite simply, this is an agreement that will end your employee’s contract with you and also waive their right to take you to an employment tribunal at any stage after the settlement agreement has been signed.
Whilst the odds may seem stacked in your favour, your employee will normally negotiate with you to receive a payout and also a reference from you, so the benefit is mutual.
Settlement agreements are legally binding and your employee must enter into the agreement with you voluntarily.
It is important to follow the statutory rules that decide whether a settlement agreement is legally binding. We can help you with this part of the process.
Why Choose Barker Son & Isherwood?
Your needs as our client are paramount, but whilst we put you first, we have to balance that with offering you the best possible advice and being honest about your prospects in the circumstances.
Using all our expertise and professionalism we will ensure that you are kept up to date with progress at all times and that you can get hold of your solicitor quickly to answer any questions you may have along the way.
Using only simple language to discuss your case, with no legal jargon, allows you to be absolutely clear about where you stand that implications of any settlement agreement you make.
Our fees are very competitive and we can discuss fixed fees and other ways of billing you for the work we do on your settlement agreements.
Get in touch now to find out how we can help.
To find out more about settlement agreements and how they can help you to solve any issues within your business, call us now on 01264 353 411 and our experienced employment team will be there to help.