Businesses sometimes offer settlement agreements when an employment contract comes to end by mutual agreement. In return for money or other incentives, the employee agrees to waive the right to bring any future employment claim. If negotiated well, this can be an effective way to receive proper compensation for your job ending, without the expense and hassle of legal action.
Our employment & HR specialists are experienced at handling all types of settlement agreement, from the small and straightforward to complex deals involving structured payments, share options and restrictive covenants.
We offer quality and tailored advice and can negotiate effectively to secure the best possible outcome for your business, working to:
- Explain what the agreement means in plain English
- Explore your ongoing losses and potential compensation
- Investigate whether your claim has a higher potential value
- Let you know what your options are
- Achieve terms that you are happy with
We bring a clear-headed professionalism that takes the emotion out of the situation and we can advise on how best to reach a successful conclusion. Our specialists sensitively handle confidentiality issues, and if taking a good reference away with you is important, we can usually work it into the arrangement.
Settlement agreements are not binding unless the employee has taken independent legal advice.
Free employment law clinic for businesses
Every Monday we run an ‘online employment law clinic’ for small businesses in South Yorkshire. If you have a question regarding employment law within your business email [email protected] on a Monday between 9am – 4pm and one of our employment experts will respond to you on the same day.