Settlement Agreements

To receive advice on a settlement agreement or have a question in relation to one answered, please contact us.

employment workplace

Settlement Agreements

A Settlement Agreement (formerly known as a compromise agreement) is a contract made between an employee and employer in order to settle a dispute. Most often they are used to record the termination of employment but not always. An employee who enters into a settlement agreement will give up the right to bring employment-related claims against their employer and will normally receive an enhanced sum of money or other benefit for doing so.

You may be offered the settlement agreement by your employer because there is a redundancy situation or the relationship between you and your employer has broken down. Whatever the reason, you must receive independent legal advice on the terms and effect of the agreement.

We offer a fast, efficient and personal service to meet your needs. Our specialist Employment Solicitors have a wealth of experience in negotiating settlements and will work with you to achieve the best possible settlement. In most cases, your employer will be responsible for your legal costs so you won’t have pay anything.

If you have been offered a settlement agreement then our Employment Solicitors can meet with you at our offices in Axminster, Bovey Tracey, Brixham, Chard, Exeter, Exmouth, Honiton, Launceston, Newton Abbot, Paignton, Seaton, Sidmouth and Torquay. We can also advise you by telephone on 01626 202404.

To receive advice on a settlement agreement or have a question in relation to one answered, please contact us.

Settlement Agreement FAQs

What is a Settlement Agreement?

A Settlement Agreement (formally known as a Compromise Agreement) is a legally binding contract between an employer and employee to compromise an employee’s contractual and statutory claims, mainly on the termination of employment. By law, an employee will need to take independent legal advice before signing a Settlement Agreement. The employer will usually offer compensation to the employee in exchange for the employee ending their employment and agreeing not to bring any claim against them.

What are the benefits of a Settlement Agreement?
When would a Settlement Agreement usually be offered?
How much do you charge for advice on a Settlement Agreement?

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