Employment Settlement Agreement Solicitors

Navigating the end of an employment relationship can be challenging and complex, requiring careful consideration of legal, financial and personal factors. This is where the expertise of Employment Settlement Agreement Solicitors becomes invaluable.

An Employment Settlement Agreement, formally known as an Employment Compromise, is a legally binding document to waive legal rights when bringing employment to an end. Whether you’re an employee facing redundancy or dealing with workplace disputes, understanding your rights and options is crucial. 

Our Employment Settlement Agreement Solicitors who specialise in providing clear, concise, and professional legal advice on settlement agreements, understands the intricacies of employment law. We are dedicated to ensuring that your interests are protected throughout the process. Whether you need assistance drafting an agreement, negotiating terms, or simply understanding the implications of a proposal, we are here to guide you every step of the way.

With a client-focused approach, we tailor our services to meet the unique needs of each individual and organisation we work with. Our aim is not just to resolve current issues but to secure your rights and future prospects. If you’re looking for expert guidance and support, contact our Employment Settlement Agreement Solicitors at Mounteney. We regularly provide employees with expert guidance and support when drafting a Settlement Agreement.

What is a Settlement Agreement?

A settlement agreement is a legal document that outlines the terms and conditions under which an employee will leave a company. It will be mutually agreed-upon contract between the employer and the employee, and will help to avoid lengthy and expensive legal disputes. 

The agreement is particularly useful in situations where an employee is facing redundancy, or when there are disputes related to discrimination or grievances. The agreement sets out the terms of the employee’s departure, including any financial compensation, benefits, and the length of time the employee will be paid after leaving the company. 

The agreement also addresses issues such as confidentiality, non-disparagement, and non-compete clauses. It ensures that the employee will not disclose any confidential information about the company or disparage the company in any way, and that the employee will not compete with the company for a certain period of time after leaving.

An Employment Settlement Agreement provides a clean break for both parties, with terms that are mutually agreed upon. It is a useful tool for resolving disputes and avoiding lengthy and costly legal proceedings.

How Long is the Settlement Agreement Process?

The process of preparing a Settlement Agreement typically takes only a few days, and if necessary, it can be prepared within a few hours at an extra charge. The agreement should be drafted by a qualified employment lawyer to ensure that it complies with the relevant laws and regulations.

Once all parties have signed the Settlement Agreement, compensation is usually paid within 7-21 days. However, certain payments, such as outstanding salary, accrued holiday, bonuses, or commission payments, may be made through the payroll on the regular payroll date. The agreement should also specify the exact compensation amount and the payment method.

It is crucial for both parties to fully understand the terms of the agreement before signing it. We recommend that each party seeks independent legal advice to ensure that their interests are protected, please note this service is for employees only. 

Our Employment Settlement Agreement Solicitors at Mounteney Solicitors play a vital role in this process. We provide comprehensive legal advice and ensure that you fully understand every aspect of your Settlement Agreement.

How can our Employment Settlement Agreement Solicitors Help? 

Our Employment Settlement Agreement Solicitors at Mounteney are dedicated to providing you with expert legal assistance tailored to your individual needs during the negotiation and drafting of Settlement Agreements. We understand the complexities involved and are committed to guiding you through every step, ensuring the process is as straightforward and beneficial as possible. 

Our aim is to equip you with all the necessary information to make an informed decision about your Settlement Agreement. We handle every case with the highest level of confidentiality and discretion, prioritising the protection of your privacy and reputation throughout the process.

If you’re an employee seeking advice on an agreement proposed by your employer, our team can provide customised support. Our service extends beyond the signing of the agreement. We are here to offer ongoing legal advice and assistance as you move forward, including matters related to restrictive covenants or other future legal needs.

Choosing to work with Mounteney Solicitors means opting for a service that is not only professional and responsive but also personal and good value. Our goal is to deliver legal expertise alongside a service that reflects the unique needs and circumstances of each client. For support that goes beyond the standard, reaching out to our Compromise Agreement Solicitors will ensure you navigate your employment transition with confidence and clarity.

How Much will it cost?

Your supplier is SRA-regulated Mounteney Solicitors, that charges VAT some customers may be able to reclaim.

Our legal fees will be charged at a fixed fee of £600 + VAT = £720; often the employer will be prepared to pay the employee’s legal costs, in which instances when acting for employee we may well be willing to agree to do the work for the fee the employer states, provided that fee is not too far off our standard fee outlined here – please enquire if this arises.

There is more about our fees on our website.

Your Employment Settlement Agreement Questions Answered

Do I have to agree with a Settlement Agreement? 

No, you are not obligated to agree to a Settlement Agreement presented to you. These agreements are entirely voluntary and require the consent of both the employer and the employee to be legally binding. If you are presented with a Settlement Agreement, it is essential to carefully consider the terms and evaluate whether they meet your needs and expectations.

Settlement Agreements are designed to conclude an employment relationship in a way that’s agreeable to both parties, often including conditions more favourable than standard termination or dismissal processes. Before making any decisions, seeking independent legal advice is highly recommended.

What Happens if a Settlement Agreement is Breached? 

If a Settlement Agreement is breached, the aggrieved party has the right to enforce the agreement through legal means. Breaches can occur in various forms, such as non-payment of the agreed sum of money, failure to adhere to confidentiality clauses, or any other violation of the terms stipulated in the agreement. Since Settlement Agreements are a legally binding contract, the breach of such agreements is treated with utmost seriousness and the injured party can seek redress in court.

What can be Included in a Settlement Agreement? 

A Settlement Agreement is a legal document that outlines the terms of employment termination. It can cover a variety of topics tailored to the specific circumstances of the termination. These typically include financial compensation, such as severance pay, outstanding salary, bonuses, and expenses owed. It’s important to note that up to £30,000 of this compensation can often be received tax-free. The agreement will also detail any agreements regarding the notice period, whether it will be worked or paid in lieu.

In addition to financial terms, Settlement Agreements often cover non-financial matters such confidentiality, returning company property, and agreeing to a reference for the employee. The agreements may also confirm or modify any post-termination restrictions, such as non-compete or non-solicitation clauses. This ensures that both parties understand the employee’s obligations after leaving the company. Settlement Agreements are highly specific and help to bring a comprehensive conclusion to the employment relationship, preventing future disputes or misunderstandings.

Is a Settlement Agreement the same as Redundancy? 

No, a Settlement Agreement is not the same as redundancy. Redundancy is a specific reason for terminating employment, which happens when an employer needs to reduce their workforce. It is a fair reason for dismissal under employment law. 

A Settlement Agreement is a legal contract between an employee and employer that ends their employment relationship on agreed terms. Although redundancy may lead to the offer of a Settlement Agreement, the agreement can cover a broader range of scenarios beyond redundancy, such as dispute resolution or voluntary departures.

Contact our Employment Settlement Agreement Solicitors

If you’re navigating the complexities of a Settlement Agreement, our expert Employment Settlement Agreement Solicitors at Mounteney Solicitors are here to provide you with the guidance and support you need. 

We are a Law Firm in Cheshire, with offices located in Bramhall, Cheadle and Heald Green.

We possess in-depth knowledge of employment law and regularly act from clients across Stockport and Cheshire. 

With our in-depth knowledge and experience, we ensure that your interests are protected and your rights upheld, offering peace of mind during what can be a challenging time. Whether you’re seeking to understand your entitlements, negotiate the terms of your agreement or need comprehensive legal advice on the implications of signing, we’re here to help.

Contact Mounteney Solicitors today to ensure your Employment Settlement Agreement is handled professionally and efficiently, with your best interests at the forefront. Let us assist you in achieving a resolution that is fair, satisfactory, and allows you to move forward with confidence.