Settlement Agreements are legally binding contracts which can be used to end the employment relationship on a mutual basis and on agreed terms.
Once an individual has signed a Settlement Agreement, they are unable to make a claim to a court or employment tribunal on the matters that are specifically covered in the agreement. The agreements are therefore particularly useful where there is the potential for an employee to challenge the outcome of a disciplinary, grievance or redundancy process.
Our specialist Employment Law & HR team are extremely experienced in negotiating and drafting Settlement Agreement terms for both employers and employees. We can undertake the negotiation process on your behalf to ensure that you are entering into the contract on financial terms that you are completely happy with and that properly reflect your level of risk.
If you would like further advice on Settlement Agreements, please get in touch and we will be happy to advise you.