Employment
Settlement agreement solicitors for employees
A settlement agreement is a legally binding document under which you usually agree to waive employment claims in return for compensation or agreed exit terms. Before signing, you must receive independent legal advice for the agreement to be valid.
We advise employees on settlement agreements, explain the effect of the terms, identify concerns and negotiate improvements where appropriate. Our aim is to ensure you understand what you are giving up and whether the proposed package is reasonable in the circumstances.
What we review
Our advice can cover the full agreement, including:
- Compensation payments, notice pay, holiday pay, bonus and commission.
- Tax treatment and the structure of termination payments.
- Confidentiality, announcements and agreed references.
- Restrictive covenants, return of property and ongoing obligations.
- Contribution towards legal fees and payment deadlines.
- Whether potential claims have been valued properly.
Negotiating better terms
Employees are often presented with an agreement and told that the terms are final. That is not always the case. The scope for negotiation depends on the facts, the strength of any potential claims, your length of service, seniority, the employer’s process and the reason for termination.
We can advise whether the package appears reasonable and, where appropriate, negotiate improved compensation, an agreed reference, changes to wording or more favourable practical terms.
Clear advice before signing
Once signed, a settlement agreement usually prevents you from bringing most employment-related claims. It is therefore important that you understand the consequences and that any outstanding payments or practical issues are dealt with before completion.
We provide straightforward advice, explain the key clauses and ensure that your decision is informed before the agreement is signed.