What is a Settlement Agreement and when should your business consider using one?
Simply put, a settlement agreement is a legally binding contract between employer and employee that agrees certain terms to end the employment contract whilst also setting any claims the employee may have had against the employer.
Settlement agreements should only be used in situations where there are potential or existing claims and/or workplace disputes to be resolved between both parties. The settlement agreement must be executed properly so that any risk of future claims being made against the employer are removed and the matter can be closed. Employers should not rely on oral or email correspondence as a replacement for a settlement agreement which is more extensive and seeks to protect the employer from any further claims and tribunals.
Why Use Rotheras for your Settlement Agreement?
We believe it’s essential for your solicitor to have an in-depth knowledge of your business, the environment it operates in and the circumstances for which the requirement for a settlement have arisen. At Rotheras, our employment solicitor Natalie Abbott has over ten years’ experience advising employers in sectors including retail, leisure and hospitality, communications and construction industries.
Natalie can help at every stage of the process, from the initial stages of advising on whether a settlement agreement is necessary through to negotiation of the contract terms and finally, preparation of the settlement agreement to bring your matter to a full conclusion.
Employment expertise is particularly beneficial throughout the negotiation process, it can result in cost saving benefits where seeking to prevent the other party’s solicitor needlessly inflating the settlement value for their client.
Where we can help your business with Settlement Agreements
- We can help your business at every step of the settlement agreement process
- We can advise on whether a settlement agreement is the right course of action for your situation
- We can assist in drafting the settlement agreement also ensuring that restrictive covenants (agreements that protect ex-employees from working with competitors, taking business contacts or work away from your business and/or taking employees) can be enforced where necessary and your business remains protected
- We can liaise with the other party’s solicitor on your behalf to negotiate the amount offered on the settlement agreement
- We can advise on stipulations to be put in place to prevent any future litigation claims
- We can advise on future policy, training or contract drafting to avoid similar circumstances in future
We can also help with:
- Redundancy and Restructuring
- Breach of Contracts
- Termination of Contract
- Employment Dispute Resolution
Webinar recording: Covid-19 Essential Updates for the Transport Industry
Webinar recap: watch the recording of our recent webinar that details the impact of COVID-19 on the transport industry, with practical advice on how to navigate these issues.
Posted on 05/26/2020
Cycling during lockdown – be wary of drivers flouting speed limits due to empty roads
I was very concerned to read that the Police are reporting a significant increase in the number of drivers who are using the quieter roads during the UK wide lockdown as an opportunity to speed. Whilst out on my daily walk yesterday, I noticed several cars travelling well in excess of the 30-mph speed limit […]
Posted on 05/11/2020