Trusted Settlement Agreement Solicitors
Settlement agreements are documents used by employers to ensure that an employee who is leaving their employment or who is in dispute with the employer settles any potential claims they could bring. In return, the employee usually receiving an agreed sum of money.
Before you sign an agreement, our specialist team can check the contents are in your own best interest, and advise you of any negotiations. We can even negotiate on your behalf.
To get the support you need, call 0151 236 8871 or book a call with our legal experts.
What is a settlement agreement?
A settlement agreement is a document that an employer may offer an employee in order to make sure the employee doesn’t bring or continue with any claims against them. These documents can vary in length from a couple of pages to in excess of 20 pages, but they are often very detailed and use lots of legal jargon.
What should be included in the settlement agreement?
There are a number of core elements of a settlement agreement, which can be summarised as follows:
- It is often the case that the employer will agree to provide a reference in respect of the employee under the terms of the agreement.
- If employment is ending, the termination date needs to be defined in the settlement agreement.
- The settlement agreement needs to set out the amount of any termination payment, details of any contractual payments and an allowance for legal fees in obtaining advice on the agreement.
- A long list of claims that the employee could potentially bring will be set out, but the agreement will state that the employee agrees not to bring those claims or that they are settled.
- The employee will be agreeing to return any items of property that belong to the employer when their employment comes to an end, unless it is agreed that the employee retains them either temporarily or permanently.
- There will be confidentiality provisions relating to non-disclosure of the settlement agreement and the requirement to protect confidential information.
Do I need to come to your office to sign a settlement agreement?
No. We frequently advise on settlement agreements by telephone or video call and there is no requirement that you meet us face-to-face in order to sign off the agreement. Of course, we are still happy to meet you face-to-face at one of our offices, if you wish.
How quickly can I get advice from you on my settlement agreement?
We can advise at short notice on settlement agreements and if it is particularly urgent, we can usually give the advice to you within 24 hours following your initial enquiry. To find out more or to speak to someone, call 0151 236 8871, email info@morecrofts.co.uk or use our contact form.