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Settlement Agreement Solicitors
Settlement agreement process
Settlement agreements are used to ensure a clean break at the end of an individual's employment. During this process, employers are encouraged to have ‘protected conversations’ or a ‘without prejudice’ discussion. This ensures that anything relating to the pre-termination negotiations won’t be admissible in the proceedings.
When entering into a settlement agreement, the legal principles and practical implications can be complex. At the very least your employment settlement agreement should conform and comply with all formalities set out in legislation to make sure it’s legally binding. The agreement must also be in writing and the employee must receive legal advice by a qualified advisor. During this, the settlement agreement advice will look into:
- Arrangements on termination such as payments in respect of notice and holiday
- The agreed date of termination
- The date of which the termination payment is to be made and any tax treatments on this payment
- Who will be responsible for paying the employee’s legal costs.
- Arrangements in respect of Company property
- If the employee will be provided with a reference
- If the employee is subject to post termination restrictions
- The overall tax implications of the agreement.
- Any confidentiality obligations that both parties are subject to
Navigating a settlement agreement with Wright Hassall
At Wright Hassall we pride ourselves on providing our clients with the best law advice, cost effectively. We’ll support and tailor our guidance to your specific needs.
Our employment lawyers work with employers and employees across England and Wales to resolve their employment law issues. We work with clients in a range of industries giving us the knowledge and skills needed to manage your issues.
FAQs
- Does a settlement agreement need to be witnessed?
- Why would an employer offer a settlement agreement?
- Do I have to agree to a settlement agreement?
- Do I need legal advice to make a settlement agreement?
- How much does a settlement agreement solicitor cost?
- What is a confidentiality clause in a settlement agreement?