PatchLaw

Specialist Employment Solicitors

PatchLaw

Specialist Employment Solicitors

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Settlement Agreements for Employees

So your employer has offered you a settlement agreement ….

You may be leaving an organisation through your own choice, or perhaps you are being made redundant but have been offered an enhanced severance package.

Whatever the reasons for your departure, amicable or less so, many employers will require you to sign a Settlement Agreement (previously called a ‘Compromise Agreement’) in order to receive the severance payments they are offering.

 

Because Settlement Agreements involve you waiving your rights to pursue most legal claims against your employer, to be legally binding, it’s a requirement that you receive independent legal advice on it.

 

We are specialist employment solicitors with extensive experience of advising employees on Settlement Agreements and well placed to provide you with clear and reliable advice on what you are being offered.

It is the norm for the employer to make a contribution to your legal costs, and there should be a clause in the agreement about this.  The contribution is usually between £250 and £500 + VAT although we are sometimes able to negotiate an increase in this contribution for you.

Stay in control of costs

Choose the level of service you require

1) Basic

If you only require the basic mandatory advice on the terms and effect of the agreement, we provide a COSTS GUARANTEE that we will not charge you more than the employer’s contribution (minimum £200 + VAT).

2) Full Advisory

If you would like further advice on your employment circumstances, and the fairness of the deal offered, you can be confident that our advice is backed by specialist expertise and years of experience in advising both employers and employees on settlement agreements.  As well as advising you on the adequacy of the payments offered, we will be checking that you are adequately protected through a robust and fairly drafted agreement, highlighting any concerns and proposing drafting amendments where appropriate.  Depending on the level of the employer’s contribution, and the complexity of your situation, this advice – or at least part of it - may be covered by the employer’s contribution. In all circumstances we will:

  • work swiftly and efficiently to minimise your costs …. and your anxiety
  • give you clear costs information so that you can make an informed decision about how much advice you require from us.

Re-negotiating the deal

If you decide that you do not wish to accept the terms offered by your employer we can act on your behalf to renegotiate the financial compensation and other termination arrangements and will offer you a choice of fixed fees or hourly rate charging for this service.

You're in safe hands

See what our clients say about their experience of Patch Law’s service.

Contact us

To have a no obligation conversation about your requirements and how we can help, contact us by phoneemail or using the contact form below:

When your form is submitted you will receive an automatic email from Patch Law confirming receipt.

Settlement
Agreements
for
Employees

So your employer has offered you a settlement agreement ….

You may be leaving an organisation through your own choice, or perhaps you are being made redundant but have been offered an enhanced severance package.

Whatever the reasons for your departure, amicable or less so, many employers will require you to sign a Settlement Agreement (previously called a ‘Compromise Agreement’) in order to receive the severance payments they are offering.

 

Because Settlement Agreements involve you waiving your rights to pursue most legal claims against your employer, to be legally binding, it’s a requirement that you receive independent legal advice on it.

 

We are specialist employment solicitors with extensive experience of advising employees on Settlement Agreements and well placed to provide you with clear and reliable advice on what you are being offered.

It is the norm for the employer to make a contribution to your legal costs, and there should be a clause in the agreement about this.  The contribution is usually between £250 and £500 + VAT although we are sometimes able to negotiate an increase in this contribution for you.

Stay in control of costs

Choose the level of service you require

1) Basic

If you only require the basic mandatory advice on the terms and effect of the agreement, we provide a COSTS GUARANTEE that we will not charge you more than the employer’s contribution (minimum £200 + VAT).

2) Full Advisory

If you would like further advice on your employment circumstances, and the fairness of the deal offered, you can be confident that our advice is backed by specialist expertise and years of experience in advising both employers and employees on settlement agreements.  As well as advising you on the adequacy of the payments offered, we will be checking that you are adequately protected through a robust and fairly drafted agreement, highlighting any concerns and proposing drafting amendments where appropriate.  Depending on the level of the employer’s contribution, and the complexity of your situation, this advice – or at least part of it - may be covered by the employer’s contribution. In all circumstances we will:

  • work swiftly and efficiently to minimise your costs …. and your anxiety
  • give you clear costs information so that you can make an informed decision about how much advice you require from us.

Re-negotiating the deal

If you decide that you do not wish to accept the terms offered by your employer we can act on your behalf to renegotiate the financial compensation and other termination arrangements and will offer you a choice of fixed fees or hourly rate charging for this service.

You're in safe hands

See what our clients say about their experience of Patch Law’s service.

Contact us

To have a no obligation conversation about your requirements and how we can help, contact us by phone, email or using the contact form below:

When your form is submitted you will receive an automatic email from Patch Law confirming receipt.