Our specialist employment law team are here to help employees and employers with Settlement Agreements.
A Settlement Agreement is a legally binding document that sets out the terms of a settlement between an employer and employee. It usually provides for the employee to receive a sum of money in return for agreeing not to bring a claim against the employer.
For a Settlement Agreement to be effective the law says that the employee must take specialist legal advice. When we advise on a Settlement Agreement we consider a range of factors, including:-
- When and how the settlement payment will be made;
- The tax position;
In most cases our service will COST YOU NOTHING. This is because the employer will normally pay for the Settlement Agreement.
A Settlement Agreement allows employers to manage employment disputes and regulate their financial exposure with minimum business disruption. It also enables the employer to ensure that the settlement includes key provisions in relation to confidentiality and restrictive covenants.
We will advise you on the most appropriate terms of compromise and draft the Settlement Agreement to ensure that the settlement package is entirely suitable for your business needs.
To speak to our employment team call Taunton 01823 354545 or email us.