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Compromise Agreement

 

Winston Solicitors advise many clients each week on their proposed Compromise Agreement.

 

We always ensure that the offer made is appropriate, advising on how much the client is likely to receive if the matter went to Employment Tribunal, the likelihood of success, the timescale and the costs involved.

 

We are happy to negotiate a Compromise Agreement on behalf of clients, and often agree that the Employer pay most if not all the clients legal costs.

 

Remember Knowledge = Empowerment

 

At this time of turmoil you need professional help

 

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What is a Compromise Agreement?

A legally binding document prepared by your employer setting out all the terms (including any financial settlements) on which your employment relationship will come to an end.

 

Why do Employer’s offer a Compromise Agreement?

Employers usually offer Compromise Agreements to stop employees from bringing any potentially costly or uncertain claims against them in the Courts or Employment Tribunal.

 

Who does a Compromise Agreement Benefit?

Although it may appear that Compromise Agreements only benefit employers, with our expert advice you can ensure that all issues between you and your Employer are resolved and you receive a fair and appropriate settlement.

 

We will also help to ensure that the Compromise Agreement covers all relevant points that are important to your particular situation.

 

What is in a Compromise Agreement?

Usually a document consisting of several pages outlining issues such as:

- The details of any severance payment you are to receive at the end of your employment.

- Settlement of any claims the employee may have against the employer.

- Assurance by the parties that no future legal action regarding your employment relationship will be pursued.

- What details will be provided to other employers after your departure. What reference you will receive from your employer. We usually agree the wording of any references.

- Whether certain matters are required to be kept confidential.

- Whether there will be any restrictions placed on the employee after leaving the employer.

 

Can you Change your mind once a Compromise Agreement is signed?

Although you do not have to accept a Compromise Agreement offered by your employer, once you have signed the document, it is seen as full and final settlement of any potential claims you may have against your employer.

If all the required formalities are fulfilled, a Compromise Agreement is a legally binding agreement and cannot be revoked.

It is therefore essential that you receive independent legal advice from a qualified solicitor who is adequately insured.

Often contain legal jargon and because of the binding nature of the agreement, it is essential that you receive legal advice.

 

Why choose Winston Solicitors?

Our experienced team of employment lawyers and specialist advisors provide expert advice on Compromise Agreements of all levels of complexity.

If the agreement offered by your employer is not adequate, we will negotiate on your behalf to protect your interests and attempt to secure you a more suitable settlement.

When instructing Winston Solicitors, you will receive creative and practical solutions to your problems with a high level of service and dedication, ensuring that you receive the appropriate termination package.

 

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Your questions
 

For further advice please telephone Winston Solicitors on 0113 268 8898 to speak to a specialist solicitor. Or if you are calling from outside the area, use lo-call 0845 890 2277. We are open Monday to Friday, 8.30am to 5.30pm.

 

Email: info@winstonsolicitors.co.uk

 

We look forward to working with you as a Winning Partnership.

 

 

 

 

 

 

 

 

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