It is natural and expected that at some point in our personal and professional lives we will reach the end of an arrangement or agreement, at which point their will be two (or more) parties involved seeking an amicable and acceptable solution that can provide closure to what has most likely been, for the most part, a productive and beneficial relationship.
Settlement agreements are a common method of ending any employment or working relationship and are a record in writing of the terms of any settlement that has been discussed and reached between the employer and employee.
At Pinney Talfourd, our team of experienced settlement agreement solicitors advise on and negotiate the terms of a settlement agreement for all levels of seniority.
The effect of signing settlement agreements is that you waive your employment rights to bring any claim against your employer, in consideration of receipt of a settlement payment and the granting of any other benefits that your employer may agree to.
We are often asked the question how much remuneration should be expected as part of a settlement agreement and our settlement agreement solicitors regularly advise clients on whether the offer represents a good deal or not. We have considerable experience in negotiating the terms of settlement agreements, including the monetary sums payable under the agreement so that our client’s receive a fair and satisfactory exit package.
Our Online Settlement Agreement Service below allows you to easily upload your details and one of our Pinney Talfourd settlement agreement solicitors will contact you to progress matters as soon as possible. It takes just two minutes and will allow us to get started straight away with all the necessary details we need to be able to advise you, without unnecessary delays.
It is essential that you get independent, thorough, legal advice regarding your settlement agreement as soon as possible.
We are happy to meet you wherever, whenever, at a time and place most convenient to you to provide clear, practical, responsive and effective legal advice. Call us, email, or arrange a consultation through the ‘Get in touch’ form on our website or visit one of our many offices throughout Essex and London.
If you need settlement agreement solicitors to help ensure you get what you deserve for the work you’ve put in, let us get started on a settlement agreement for you today.
In order to be legally binding, settlement agreements must comply with the following requirements:
- They must be in writing.
- They must relate to the particular complaint or particular proceedings about which there is a dispute. An employer cannot use a settlement agreement to seek to exclude all potential future claims.
- You must have received independent legal advice from a solicitor or other appropriately qualified advisor, as to the terms and effect of the proposed agreement.
- Your advisor must be identified in the agreement and must have in force a professional indemnity policy to cover the risk of giving negligent advice.
- The agreement must state that the above conditions relating to settlement agreements have been satisfied.
The settlement agreement will set out the financial and other terms upon which the employment relationship is terminated and obviously varies with each individual, but it should be drafted to include/exclude in accordance with the particular circumstances in question and will typically cover such key matters as:
- Amount of your settlement payment and when it is payable.
- Personal injury claims or claims relating to future pension entitlement are likely to be expressly excluded.
- What Reference (if any) you will receive from your employer.
- Whether you are bound to observe confidentiality regarding the fact that you have been offered a settlement agreement.
- Whether you must observe any other restrictions after the employment has terminated e.g. restrictive covenants.
- You are able to receive up to £30,000 exempt from tax, provided that it is a purely compensatory sum. This will vary and can be managed in order that what you receive is tax efficient.
- What level of contribution to your legal fees will be met by your employer.
It is essential that you get independent legal advice regarding your settlement agreement as soon as possible.
You can use our simple and quick settlement agreement service form to ensure that we have all the necessary details and we will contact you within one working day to discuss your options and to progress matters
It is essential that you get independent legal advice regarding your settlement agreement as soon as possible.
Simply fill in our two-minute settlement agreement service form to ensure that we have all the necessary details and we will contact you within one working day to discuss your options.
Settlement Agreements Lawyers
