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Compromise Agreements
Unfortunately not all employment relationships work out and a parting of ways happens. If there are issues which need to be resolved, once you have reached agreement, they can be put into a compromise agreement. Provided it is properly drafted, once signed a compromise agreement ensures that neither party can make a further claim in the future. It is frequently used in redundancy situations but can be used to resolve any employment dispute.
Compromise agreements must:
- be in writing
- identify clearly the issues that are being resolved
- confirm that an independent solicitor has advised the employee about the legal effect of the agreement including whether it represents a reasonable settlement
- confirm that the solicitor has appropriate insurance in place
This is actually beneficial for both parties since the employer can be sure that the agreement is binding and the employee knows whether or not they are getting a reasonable settlement.
Employers will often make a contribution towards your legal costs. They might even recommend a solicitor who you can use. There is no obligation however to use that solicitor and it is a matter for you who you feel comfortable with.
To speak to someone who can help with a compromise agreement or any other employment related issue call, email or request a call back from one of our specialist lawyers.