SA Law’s employment experts can help employees to secure favourable settlement agreements.
If you have been offered a settlement agreement by your employer, we can provide swift and independent legal advice to ensure the offer is fair and definitive.
Our employment solicitors can assess whether the compensation you have been offered as part of your settlement agreement sufficiently reflects the potential value of the claim. We can also negotiate on your behalf to ensure the best possible outcome with the least inconvenience to you.
WHAT IS A SETTLEMENT AGREEMENT?
A settlement agreement is sometimes referred to as a ‘severance’ or ‘redundancy agreement’ and was previously known as a ‘compromise agreement’. Typically, settlement agreements are offered at the end of a period of employment, especially in redundancy situations, but they can also be offered during employment in certain circumstances.
Employers offer settlement agreements as financial compensation to employees who have made, or could make claims against them. This can be an effective way to resolve a dispute between employee and employer, without the cost and inconvenience of going through an employment tribunal.
Either way, it's important to note that the settlement agreement is only valid and binding if you take legal advice on its terms and implications. This is where an experienced employment solicitor can help.
HOW WE HELP YOU
Our settlement agreement solicitors can assist by:
ITS GOOD TO BEAR IN MIND
- Writing everything down can be very helpful to ensure you remember what was said by your employer.
- Take advice about settlement agreements as soon as possible to give your solicitor sufficient time to negotiate the best result for you.
- Consider asking your employer for an agreed reference as part of the settlement agreement, whether you are leaving the organisation now or in the future.
- It’s also worth asking for a contribution to legal fees if your employer hasn’t already offered one.
- Without seeking legal advice specific to your situation, employees run the risk of waiving their rights by signing a document that they do not fully understand.
Get in touch with our expert team to make sure you get the maximum benefit from your settlement agreement.