Settlement Agreements were known as Compromise Agreements up to July 2013.
A Settlement Agreement is a severance agreement offering a financial incentive when a contract of employment is terminated, to void an employee bringing a claim against their employer.
It is important to understand that a Settlement Agreement is a legally binding agreement, following the termination of employment.
An employee will be offered severance payment by an employer – and in some cases, there may be other incentives such as shares included in the deal.
There may also be compensation in a Settlement Agreement in lieu of notice of termination of employment.
The purpose of an employer offering a Settlement Agreement is to avoid any claim the employee may have, which might be taken to an Employment Tribunal – because of this employees must seek expert legal advice as soon as possible and before accepting a Settlement Agreement.
Duncan Lewis can advise on negotiating a Settlement Agreement – or can advise on a Settlement Agreement already on the table.
Duncan Lewis employment lawyers act on behalf of claimants and respondents in all Employment Tribunal related matters.
The Duncan Lewis employment team can represent all types of employers, both large and small – as well as individual employees and collective employees in matters relating to the Employment Rights Act 1996 and Settlement Agreements.
Duncan Lewis has a wealth of experience in negotiating Settlement Agreements – our employment team advised Transport for London during a mass redundancy programme and dealt with the Settlement Agreements for its employees.
If you require legal help with assessing a settlement package or severance payment, Duncan Lewis Employment Law solicitors will evaluate your offered package – and will get in touch with your employer to help you obtain the best settlement package for you.
Duncan Lewis is happy to advise on all Settlement Agreements, including high-value Settlement Agreements – and settlement packages for low- to-middle income employees.
Employees may receive free legal advice on a Settlement Agreement, as the employer will usually contribute towards the legal costs for advice. Duncan Lewis will invoice the employer directly, so that a client will not have to pay anything, unless otherwise indicated by our employment law team.
For private fee-paying clients, Duncan Lewis employment law solicitors operate a transparent fee scale – and can offer a range of competitively priced funding options for claimants and respondents in employment law cases where costs will be incurred, including:
Some cases may be funded with Home Contents Insurance or Contents/Buildings Insurance with Employment Protection Cover.
Duncan Lewis believes clients should always know what they will be paying – and will advise on the best funding option at the initial client meeting.
If you have a problem with employment or are likely to be offered a Settlement Agreement, it is important to take legal advice and find out what your rights are as soon as possible.
Duncan Lewis can offer clear legal advice on employment law at any stage of an employment matter, including advising on Settlement Agreements as soon as an employment contract is terminated – or assessing existing settlement offers for employees.
Duncan Lewis also has a successful track record in advising companies and employers on employment matters and disputes.
The sooner you call us, the sooner we can help with a Settlement Agreement or employment claim.
Duncan Lewis has offices nationwide and in most major cities, with more than 20 offices across London and the southeast.
For expert legal advice on employment law, including Settlement Agreements, call Duncan Lewis employment solicitors on 020 7923 4020.