A settlement agreement is a document that records the terms on which an employer and employee have agreed to terminate the employee's employment or settle a dispute.
It is a legal requirement that employees obtain legal advice before entering into a settlement agreement.
We can advise you on your exit strategy and the terms of the settlement agreement. A settlement agreement will need to deal with all aspects of your employment. As well as advising you on the appropriateness of the financial terms offered to you, we can advise you on:
- Your rights with regard to your employment
- Your right to bring claims against your employer
- Your entitlement to salary and benefits (for example, pension, company car or private medical insurance)
- Any tax due on the payments to be made.
If we need to make changes to the settlement agreement, we can negotiate with the other side on your behalf.
For further information please contact one of the team.