Settlement Agreement Advice for Employees
Settlement agreement on the cards? We help you ensure its a fair deal.
A settlement agreement is used to handle a dispute between an employee and an employer. While it’s often used to terminate an employment relationship under mutually agreed terms, it's also used to simply settle disputes and continue the working relationship. The settlement agreement works by finding a solution that works for both the employee and employer - this usually involves the employee agreeing not to bring court or tribunal proceedings against their employer in exchange for a sum of money or other assurances from the employer.
[15:11] Jenny Hargraves While a settlement agreement can be a useful way of ending a relationship, it’s important that both parties are happy with the terms - as the agreement will prevent any further action. In order for a private settlement agreement to be legally binding, employees must get legal advice on the terms of the agreement (employers usually contribute a sum of money towards legal costs for this advice).
Examples of when settlement agreement advice for employees is needed
When disputes arise
Unfortunately, disputes will invariably arise, which is where a robust legal process is invaluable. Ensure your legal rights are protected with support along your settlement agreement process.
A relationship is ending
When an employee leaves it’s often hugely impactful, but sometimes that impact will necessitate the use of a settlement agreement to end the relationship on swift mutually agreed terms.
How to get started
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Who this can affect
Don't take our word for it
We worked with the team at Stephenson Law on various employment matters including drafting our first employment contract template and offer letter, privacy notice for our employees and contractors and a staff handbook. We are so impressed with how personable and professional the team are, and we don’t hesitate in recommending them to our own clients.
Dig deeper
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Employee Handbooks: What to Include
The Basics of Employment
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