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Settlement Agreement

Settlement Agreement

Settlement Agreements

A Settlement Agreement is used to protect employers by stopping employees from bringing legal claims against them. It is a contract between an individual and their employer by which the individual contracts out of some or all of their legal rights.

Settlement Agreements are often used by employers when they terminate an employee’s employment. They will usually involve the employer paying a compensation payment to the employee in exchange for the employer getting the peace of mind from knowing that the employee is giving up their right to make a claim against them.

For a Settlement Agreement to be binding you must take legal advice on the terms and the effect of the Agreement. Once signed a Settlement Agreement is almost impossible to unravel, even if it turns out to be a bad deal. So, it is essential that you take the very best advice, which is where we can help. We have advised on hundreds of Settlement Agreements, from the simplest of agreements to the most complex arrangements at director level.

If you are offered a Settlement Agreement by way of redundancy, or you choose to take voluntary redundancy by way of a Settlement Agreement, you will need a specialist Employment Solicitor to review your Agreement for you.

If you are unsure about the process, our short videos below will help explain the process or alternatively contact our employment team who will be happy to speak with you.

What is a Settlement Agreement? – Video – Kerseys Solicitors

What if I do not agree to my Settlement Agreement? – Kerseys Solicitors

Annalie King, Partner and Head of Employment at Kerseys Solicitors is a click away or call away. You can contact Annalie by telephone at Kerseys Solicitors in Ipswich 01473 213311 or Kerseys Solicitors in Colchester 01206 584584, email [email protected] or visit our website and click “Call Me Back”.

Our Employment team we will be happy to contact you at a time that is convenient.

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