A settlement agreement is a legally binding agreement used to conclude a dispute between an employer and an employee. They are generally used to agree the terms on which an employee’s employment will come to an end. There are strict rules regarding settlement agreements such as:
- It must be in writing.
- It must relate to a specific complaint.
- You must receive independent legal advice.
It is vital for you to understand your full employment rights and exactly what you will be signing up to before you enter into any agreement. You need to consider the effect that the agreement might have on your future career, for example, references from the employer in question and any obligations not to work for a competitor these are restrictive covenants and often contained in your contract of employment and reiterated in any settlement
If your employer has asked you to sign a settlement agreement you have to seek independent legal advice before committing to signing.
How can Macks help?
Macks can support you through the whole process by giving you expert legal advice to ensure that you can make an informed decision about your settlement agreement.
Call Macks for a free and confidential consultation with a specialist solicitor today on 01325 389 800.
Why use a solicitor?
- Settlement agreements can be complex and therefore require the expertise of a solicitor.
- A solicitor will make sure that the specific legal requirements are followed.
- A solicitor will seek to achieve the best possible outcome.
Why Watson Woodhouse?
- Our specialist employment solicitors are experts in settlement agreements.
- We will listen to your personal situation and provide you with tailored advice.
- We will keep you updated on the progress of your claim.