Compromise Agreements
Our specialist Employment Solicitors are highly experienced in drafting and advising clients on Compromise Agreements, which are agreements involving an offer from employer to employee to agree to mutually terminate the employment relationship. Often a severance payment forms part of the agreement enabling a tax free payment to be made.
To be legally binding the employee must have received independent legal advice, generally paid for by the employer. Please contact us if you are an employer wishing to avoid possible claims arising on redundancy or any other disputes with employees.
The Benefits
Compromise Agreements provide certainty for both the employer and the employee. The employee knows exactly how much compensation they will receive, and the employer knows that no employment claims will be brought against them.
Bringing a claim in an Employment Tribunal can be a lengthy and stressful process. A Compromise Agreement brings a close to an actual or potential dispute much more quickly. It also provides a clean break for both parties facilitating a departure on good terms.
Our specialist Employment Solicitors are experienced in advising on and drafting Compromise Agreements to suit your needs and negate any chance of a claim being brought against your company.
