SETTLEMENT AGREEMENTS

SETTLEMENT AGREEMENTS - HELP FOR YOU

PROPERTY LAWDISPUTE RESOLUTIONPERSONAL INJURYSETTLEMENT AGREEMENTSWILLS & PROBATEMEDIATION
WHAT IS A SETTLEMENT AGREEMENT?
A settlement agreement is a legally binding contract in which an employee will waive almost all of their rights to make a claim against their employer. For entering into an agreement the employee will receive a payment from the employer. Settlement agreements can be extremely useful for employees and employers. You can find a useful overview of settlements, as explained by ACAS, here.
HAVE YOU RECEIVED A SETTLEMENT AGREEMENT?
A settlement agreement cannot become a legally binding document until the employee has recovered legal advice from an independent solicitor. The solicitor is also required to sign the document in order to give it legal effect.
 
The settlement agreement essentially allows employee and employer to part ways formally and quickly. On the one hand the employee is waiving almost all of their legal rights to bring a case against the employer, either via the courts or employment tribunal.
 
On the other hand, the employer will usually compensate the employee fort agreeing to waive these rights. This usually means the employee will receive more than they would ordinarily be expected to under a more formal process of exiting the company.
 
The process appeals to both parties because it is quick, confidential, and brings certainty.
 
it is standard for the employer to pay the legal fee for the independent solicitor. Occasionally employers will require the employee to pay but will then reimburse them.
 
At ACSL Solicitors we offer settlement agreement appointments on a fixed fee basis. For a straightforward appointment we will charge only what the employer is has agreed to pay.
 
If there is to be ongoing negotiations then we will advise you of the fixed fee for further assistance in the negotiations.

We are able to provide appointments at our office, at your home address, or at the place of employment.
OUR FEE
Most of the time our fee will be paid by your employer. You won’t have to pay us a penny. Occasionally, and usually where you need us to enter into detailed negotiations, we may need to charge you an additional fee. Before we get this far we will tell you what we need to do, and how much it will cost you.
NEED TO KNOW MORE?
You can just call us instead on
0151 363 3977

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