Settlement agreements (previously called compromise agreements) are commonly used by employers when they terminate an employee’s employment. If you sign a settlement agreement, you are agreeing to give up your rights to make any claims against your employer in return for a sum of money. Once a settlement agreement has been signed, it is almost impossible to unravel it, if it turns out to be a bad deal. This is why it is essential you get the very best advice and that is where our employment lawyers can help you.
Our team of employment lawyers in Ipswich, Suffolk have advised on thousands of settlement agreements for individuals – from complex arrangements at director level down to more simple settlement agreements where the terms are all agreed. Given that you are signing away your rights to make any future claims, we make sure that you receive a fair amount of compensations. We assess what claims you may have against your employer and what you could potentially achieve if you were to make a claim. If the compensation which is being offered to you is too low or the terms of the settlement agreement are unfair or unreasonable to you, we will renegotiate the terms and make sure that the financial offer is increased. Don’t be fooled into thinking that the offer you’ve been presented with is set in stone – it often can be improved, with our help.
Our employment solicitors in Ipswich will always make sure that your interests are protected and will advise you on any tax implications. We can add terms which may benefit you, including a reference.
Most employers will pay most of your fees so you can take legal advice before signing your settlement agreement.
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. In most cases we will make sure that your legal fees are paid for by your employer.
Contact our team of employment lawyers in Ipswich by telephoning 01473 298126 or by email to make an appointment. We can see you straight away at one of our offices in Ipswich, Hadleigh, Felixstowe, Woodbridge and Melton. We have free parking at Ipswich on request.
Does my employer have to pay my legal costs?
Strictly speaking, no. It is commonplace for employers to make a contribution to an employee’s legal costs, because the settlement agreement is only binding if you take independent advice. Employers normally place a limit on the amount of costs that they will pay and will only pay these if the agreement is signed.
Disclaimer: This information is for general guidance only and is not intended to constitute legal advice. You must consult our employment solicitors if you require advice on your situation or circumstances.
Why do I need to get advice from a solicitor?
For a settlement agreement to be valid, you have to take legal advice from an independent adviser on the terms and effect of the agreement and, in particular, how it prevents you from making claims in an employment tribunal, once it is signed. This is to make sure that you are protected and not inadvertently signing away your rights. We have a huge amount of experience in negotiating the terms of settlement agreements, to make sure they are fair and also that you are being paid adequate compensation for any claims you might have.
Disclaimer: This information is for general guidance only and is not intended to constitute legal advice. You must contact our employment solicitors if you require advice on your situation or circumstances.
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