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Settlement Agreements for Businesses

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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.

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If you are in a situation with one of your employees and you think you would like to explore the option of a settlement agreement, our Andover solicitors can help.

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About settlement agreements and how they can help solve any issues within your business

What Is A Settlement Agreement?

Clarity and Advice on the Negotiation Process

1.1

Quite simply, this is an agreement that will end your employee’s contract with you. It will 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. This way 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. Our solicitors will help you with this part of the process.

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  • We decided to use a local solicitor for our recent house sale and purchase. Despite it becoming a much more complex and pro longed matter. Christopher Taylor provided excellent service throughout his advice was clear and concise and he always found time to talk through options and next steps. He dealt very well with the less than helpful solicitors used by the other parties too. Highly recommend.

    Gareth Brown

  • I was looking for a firm to assist my mother, my sister and myself with the drafting of new wills. I am so pleased we chose this firm. Tom Maxted-Pettman put us all at ease, talked through our options in language we understood and arranged it all with the minimum of inconvenience to us. We got a highly professional service for a reasonable fee. I would recommend this firm to anybody needing legal assistance.

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  • Thank you for all your support and advice over the last 24 months. It has been truly appreciated and you have all worked hard to make things as simple and painless as possible whilst maintaining my intention to keep things civil in order to preserve the best relationship for our daughter. Your support and guidance has been truly invaluable.

    Anonymous

  • I instructed Julian Cole at short notice for some legal advice on a Settlement Agreement which was carried out swiftly, helpfully and efficiently. I was recommended you by a family friend and wouldn't hesitate to recommend to anyone else enquiring.

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Contact Us to Find Out How We Can Help Resolve Your Employment Issue

For a no-obligation discussion talk to one of our experts about settlement agreements and how they can help you to solve any issues within your business, call on 01264 353411, email us at employment@bsandi.co.uk, or complete our online enquiry form.

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