Legal advice on Compromise Agreements in Exeter, Newton Abbot and Torquay
A Compromise Agreement is an agreement between an employer and employee to compromise an employee's contractual and statutory claims on termination of employment. The agreement will record the terms and the payments to be made in return for a waiver of claims.
As a Compromise Agreement will normally require you to give up employment rights, including any potential future claims, it is necessary that you seek independent legal advice before entering a Compromise Agreement. WBW regularly advise on the implications of entering a Compromise Agreement and can normally accept instructions and offer advice on the same day.
For Compromise Agreement advice in Exeter, click here.
For Compromise Agreement advice in Newton Abbot, click here.
For Compromise Agreement advice in Torquay or Torbay, click here.
Frequently Asked Questions
What is a Compromise Agreement? »
A Compromise agreement is an agreement that records the terms and the payments to be made, in return for a waiver of statutory employment law claims.
Hide this answerWhy do I need independent legal advice before signing a Compromise Agreement? »
Certain conditions must be met for a compromise agreement to be valid, including that an employee receives independent legal advice on the effect a compromise agreement will have on their ability to pursue their rights.
Hide this answerHow long does it take to finalise a Compromise Agreement? »
It is possible to sign off the compromise agreement on the day we meet. However, we sometimes need to speak to your employer about the wording of the compromise agreement or the amount of money offered.
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