Settlement Agreement advice for employers provided by our specialist employment lawyers. We offer clear, straightforward advice.
What is a Settlement Agreement?
A Settlement Agreement, formerly known as a Compromise Agreement, is a legally enforceable document under which an individual waives their right to bring claims against your business – giving you the employer peace of mind.
They are usually used to bring someone’s employment to an end on mutually acceptable terms, but can also be used to bring an end to any complaints from ex-members of staff.
Why you need a lawyer for a Settlement Agreement?
If you get it right, parting company with employees and directors using a Settlement Agreement can be a cost effective and reasonably painless However, knowing when you can have a protected conversation with someone and any resultant negotiations can be tricky.
Our Bristol and Portishead based employment law solicitors can guide you through the process of reaching a settlement and ensure the risk and disruption to your business is kept to a minimum.
It is also vital that every settlement agreement is tailored, well drafted and unambiguous. We are experts in drafting the right agreement for the right situation and have a long track record of achieving the very best outcomes for our clients: businesses like yours.