Goodharts has extensive experience of advising both employers and employees on settlement agreements. We are ideally placed to advise you whichever side you are on. Our employment lawyers are expert negotiators and will help you get the best possible settlement once your employment is at an end. We can advise on all types of settlement agreements from routine settlements to more complex agreements involving shares and staged payments.
What is a settlement agreement?
A settlement agreement is a binding agreement between an employer and their former employee to bring their employment to an end. The basis of the agreement is that the employer offers a financial compensation or some other incentive, provided the employee agrees not to pursue any further claims (such as disability, sex/gender or unfair dismissal claims) against their erstwhile employer.
From the perspective of an employee, it can sometimes be intimidating when the prospect of a settlement agreement is first raised by your employer. Goodharts recognises that you are likely to have many questions relating to your agreement which is why we will talk you through it in detail, explaining your rights and obligations under the agreement. Legally, employees must seek legal advice from a qualified solicitor before signing their settlement agreement. The cost for this advice must be met by your (former) employer.
As an employer, your main priority is almost certainly going to be to ensure that the settlement agreement ensures that you are able to put the matter to rest permanently. Here at Goodharts, we have extensive experience of helping companies to draft and prepare appropriate settlement agreements, meaning that we can help to ensure that any settlement agreement that needs to be drafted suits both parties.
What is in a settlement agreement?
Here are some of the most important points you'll need to know about your settlement agreement:
- They are legally binding on both parties.
- They can waive an employee's right to make a claima against the employer, provided the claim is covered by the agreement.
- The employee (or former employee) normally receives some form of payment and possibly a job reference as part of the agreed terms.
- They are voluntary – they include terms that both parties agree on, and the parties do not have to enter into them if they do not wish to do so.
- They are often reached through a process of discussion and negotiation. The parties do not have to accept the terms initially offered – you can entrer into negotiations during which both sides make offers and counter offers.
- Negotiations about settlement agreements are often confidential in the sense that, if an agreement is not reached, the negotiations may not be admissible as evidence in claims before an employment tribunal or in other court proceedings.
Regardless of whether you are an employee or an employer, our lawyers, Marie Colquhoun and Anne Colquhoun are experienced and knowledgeable in dealing with every element of a settlement agreement, from drafting to completion.
Goodharts also recognises that dealing with settlement agreements and the surrounding issues relating to them can be difficult and complex for all involved. We are committed to making sure that your needs and requirements are and the experience is as painless as possible. To speak with an employment lawyer and arrange an appointment, call us in Newcastle 0191 687 2055 or London on 0203 858 0046.
Settlement Agreement Lawyers Newcastle & London
When you speak to an employment law specialist at Goodharts, a key part of our ethos is our personable service and approachability. We want to get to know our clients as well as possible, which not only helps to meet your needs appropriately, but also enables us to gain an understanding of the issues involved, and therefore how best to approach them.
It is of course very important to seek legal advice if you are party to a settlement agreement, either as an employer or an employee, as soon as possible. This will ensure that your agreement can be dealt with as quickly and as efficiently as possible.
Goodharts has extensive experience of dealing with settlement agreements, meaning that we have a solid understanding of how to resolve matters in an objective and constructive way, and in a manner that shows an understanding of your needs. This also means that we will be able to provide expert advice as to the best way to proceed in your given situation, enabling you to get the most out of the settlement agreement.
Our client care is second to none, and we are dedicated to taking as much time as is necessary in order to secure the best settlement agreement terms for you.
Contact Goodharts - Employment Solicitors based in London and Newcastle, UK
With Goodharts, you can be sure of an approachable, friendly and personal service every time, putting your needs as the client first. A high standard of service is of equal importance to us when dealing with clients, and your case will be no exception to this.
Should you wish to discuss a settlement agreement with Goodharts, or have further questions and concerns, please do not hesitate to contact us. Speak with our employment solicitors today.
Call us on: Newcastle - 0191 687 2055 / London - 0203 858 0046 or via our online contact form.