We have produced a FREE guide to assist you with our template settlement agreements.
A settlement agreement is a legally binding agreement either during or following the termination of employment, which brings the employment to an end. It is recognised by statute and is the only way you can validly “contract out” of your employment law rights. It usually provides for a severance payment; in return for which the Employee agrees not to pursue any claim or grievance, they may have in an employment tribunal.
A Settlement Agreement is not the same as reaching an agreement with ACAS, any agreement settled in that way may still leave the Employer liable to a claim at tribunal.
You can find our template in the toolkit which you can purchase and download today.
We always urge Employers to seek our advice prior to discussing matters with Employees, if you need any assistance call a member of the team today.
**We can also check and agree on Employee settlement agreements, acting on behalf of the Employee, our standard fee is in line with legislation at £250.00 (ex vat).