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Previously known as ‘compromise agreements’, employment settlement agreements are voluntary but legally binding exit contracts that resolve a dispute and provide an amicable exit from the company. Agreeing and drafting a mutually acceptable employment settlement agreement can protect your business from being taken to the Employment Tribunal following this dispute, often in exchange for financially compensating the employee.
Settlement agreements can also include terms that would not be part of a tribunal outcome. These include terms such as employment references or repayment provisions should the employee breach the agreement.
Since settlement agreements are legally binding, both employers and employees are required to have legal representation when negotiating and signing them. As we have resolved many settlement packages and understand how time-sensitive their negotiations are, we are able to use our insights from current practice to help you settle agreements that are favourable.
We represent individuals at all levels of employment, whether you are in a middle management position, a director or a board member. Our team can advise you on the terms of the agreement throughout the negotiations.
Given the aim of negotiating settlement agreements is to resolve disputes effectively, efficiently and on terms that work for both parties, our employment and contract specialists use their negotiation experience to advise both employers and employees on obtaining the best terms possible in their specific circumstances. This includes preparing exit negotiation strategies and, where advising employees, suggesting appropriate behaviour and supporting interactions with HR.
It is a legal requirement to have legal representation throughout employment settlement agreement negotiations, so our team are ready and available to assist you with this.
We have provided an excellent service to client companies of all sizes, helping to settle disputes by producing a fair agreement that provides them with the certainty that they will not be taken to the Employment Tribunal.
Please call our team on +44 (0) 208 092 2700 or email us at info@barnes-law.co.uk to discuss your situation. From here we can access the right course of action to maximise your financial recompense and help you start the next stage of your life and career.
Whether you are a small business or a multinational firm, Barnes Law are committed to providing you with a seamless service that allows you to focus on your business, whilst we keep an eye on the finer details. If you need help from a member of our expert employment lawyers team, please do not hesitate to call +44 (0) 208 092 2700 or email us at info@barnes-law.co.uk.
