Compromise & Settlement Agreements
Settlement Agreements (formerly Compromise Agreements) are legally binding contracts to end employment on agreed terms. They can also resolve ongoing workplace disputes.
The agreement is proposed by either employer or employee, normally the employer. Though legally binding once agreed/signed, proposals & negotiation are voluntary, and “without prejudice”; i.e. if agreement isn’t reached, it cannot be cited as evidence.
This amenable way to reach agreement can suit all parties, often including job references and payments to the employee who in return waives the right to pursue matters further.
We specialise in Settlement Agreements. Our professional team has tremendous expertise in respect of all the standard clauses, and we can quickly identify anything contentious.
We talk you through the proposed settlement, help you understand it. We assess whether it’s a good deal; and if not, suggest what to do about it.