Hastings and Co Solicitors specialise in Settlement Agreements
What are Settlement agreements?
A Settlement Agreement is an agreement between an employer and an employee. Settlement agreements are an offer from the employer of financial compensation or another incentive to an employee, which is usually above and beyond what you would be entitled to upon termination of your contract.
When does an employer offer a settlement agreement?
Your employer will offer you a settlement agreement when they wish to terminate your employment. The onus is on the employer to adequately compensate you for the loss of your job. Once you sign and enter into this agreement you will have no legal rights to claim against your employer at a later date for any further financial reward or compensation.
What am I entitled to in a Settlement Agreement?
It is essential that you seek expert legal advise prior to signing any offer made to you by your employer. Individuals are often surprised to learn of what they may or may not be entitled to.
At Hastings and Co, Liam is an experienced employment solicitor having provided advice to employees regarding settlement agreements for over 17 years. Liam will quickly identify what you are entitled to and if appropriate will negotiate better terms for you as an employee before you agree to sign the agreement.
Liam will explain everything simply, in plain English so that you will be confident in his advice at this crucial point in time. He will negotiate the best compensation package for you depending upon your circumstances, should the original offer not be in your best interest.
How much will it cost me to instruct a solicitor to advise on a settlement agreement?
It is a key feature of Settlement Agreements that the employee must receive independent legal advice and it is usual for the employer to pay for that advice. This is usually a pre-determined set fee stated within the settlement agreement itself. Liam would simply charge the employers direct for his services.
Once I have signed a settlement agreement can I make a claim against my employer for compensation
The simple answer is, no. Once the agreement has been signed the only action you can take against your employer is to enforce the agreement itself.
Claims for additional compensation made at a later date cannot be made under any circumstances which is why you seek advice at Hastings and co.
For simple, friendly expert advice call 01621 876031