Compromise agreements are commonly used by employers when they terminate an employee’s employment. If you sign a compromise agreement you are agreeing to waive your rights to make any claims against your employer in return for a sum of money. If you sign an agreement, it is highly unlikely that you can unravel it if it turns out to be a bad deal. It is essential you get the very best advice and that is where we can help you.
How we can help
Our team of employment solicitors have a wealth of experience in advising individuals on the terms of the compromise agreement – from complex arrangements at director level down to simple agreements where the terms are all agreed. We will assess what claims you may have against your employer and what you could potentially achieve if you were to make a claim. It is critical that you receive fair compensation, given that you are signing away your rights to make any future claims. If the compensation is inadequate or the terms of the agreement are unfair or unreasonable to you, we will renegotiate the terms and where appropriate, the sums on offer.
We will make sure that your interests are protected and will advise you on any tax implications and any additional terms which may benefit you, including provision of a reference.
Our charges
Most employers offer a contribution towards your fees in signing a compromise agreement and the level of contribution will often depend on the complexity of the agreement. In most cases, we try to ensure that the contribution will cover our costs, but if there are circumstances which indicate to us that this will not be the case, we will tell you at the outset.
As with everything we do, our charges are very reasonable and tailored to the work that you would like us to do. In the vast majority of cases, we will agree a fixed fee for your work, so that you have comfort in knowing that you can safely budget, with no fear of receiving an unexpected bill from us.
