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
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.
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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