Settlement Agreements Services

In July 2013 Compromise Agreements in the UK became known as Settlement Agreements. Employers sometimes offer a compromise agreement or severance agreement when terminating employment.

The basis of a Settlement Agreement is that the employer offers you further financial compensation or another incentive, usually beyond your contractual entitlement, to enter into the settlement agreement. In turn, by signing the agreement you give up your right to bring an employment-related claim against your employer.

If negotiated properly, a compromise agreement can be a very effective way to ensure that you are adequately compensated for the termination of your employment without the need to bring a formal claim against your employer, which can be expensive and time-consuming and may attract potentially damaging publicity.

If you are offered a compromise agreement, you should obtain expert legal advice on the agreement as soon as possible. Signature Law LLP can advise you on any claims you may have, and can negotiate the best compensation package in your circumstances, ensuring that the agreement is adequately drafted to provide you with the protection you require.