Settlement Agreements

Settlement Agreements

What is a settlement agreement?

A Settlement Agreement is a legally binding document which provides a clean break between the employer and a departing employee. The object of this type of agreement is to settle some or all of the claims that may arise out of the employment relationship or its termination.

It is a mutually agreed document and usually provides for a severance (compensation) payment by the employer, in return for which the employee agrees not to pursue any claim they may have through an Employment Tribunal.

Conditions that must be satisfied in order for the agreement to be legally binding

  • the agreement must be in writing;
  • the employee must obtain independent legal advice on the terms and effect of the agreement; and
  • the agreement must be related to a particular complaint and cannot just be a generic waiver of all statutory and contractual rights.

The agreement can cover just simple basic terms or it can be drafted as a bespoke document for the employer’s business needs.

Settlement Agreement Business

When is a Settlement Agreement used?

What are the benefits of using a Settlement Agreement?

Testimonials

  • "
    I would like to take this opportunity to thank you for all of your help, considerable time, detailed analysis and valuable advice.
    " 17th July 2015
  • "
    Just a quick note to say thank you for all your help and advice. I really appreciate all you have done for me and for your candour in explaining the potential pitfalls of my case.
    " 24th July 2015
  • "
    WE WON, and with nothing to pay!!! I can’t believe it…Thank you so much for your help, kindness and support over the last few months.
    " 3rd July 2015
  • "
    The service provided was excellent and Leanne was extremely helpful and sympathetic. A first class service, thank you!
    " 12th June 2015
Allison Whiston

Allison Whiston

Head of Employment and Commercial
DAS Law Limited
North Quay
Temple Back
Bristol
BS1 6FL
> Read more about the team