What is a Settlement Agreement?
A settlement agreement is a contract that sets out agreed terms and conditions for ending your employment. They’re used to resolve differences so that you and your employer can go your separate ways amicably.
Essentially, they “settle” any disputes between you and your employer, so the terms will be mutually agreed to make sure you’re both happy.
Typically, this means that you, as the employee, will receive a payment in return for giving up your rights to bring a claim against your employer. These are also given as part of a redundancy package.
Why Do I Need to Speak to a Solicitor?
For a settlement agreement to be legally binding, you need to get independent legal advice. That’s where we can help – we can make sure that what you’ve been offered is fair to you and your interests.
Our employment specialists will explain what your settlement agreement means and make sure you’re getting what you deserve. We can usually work for what we are able to recover from your employer. And, we may be able to negotiate a better deal for you.
If you have your documents ready for us to review, and we can get started quickly, we may also be able to offer you same-day service. Call us on 01925 351 350 to speak to an expert and get a free initial consultation.
How Chris Rudd Solicitors Can Help
So, if you need advice about your settlement agreement, please get in touch now. We can offer you:
- Expert legal advice from experienced professionals
- Possibly same day service if you have all your documents ready to be reviewed
- We can often work for what your employer is willing to pay
Call us now on 01925 351 350 to get started with a free initial consultation.
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ACAS guidance states that your employer should give you a minimum of 10 days. This is deemed as a reasonable length of time to consider your agreement and get independent legal advice.
Universal Credit (Job Seekers Allowance) will not be available if you are leaving employment voluntarily. However, if you’ve been offered a settlement agreement, you may still be entitled to Universal Credit. But, rules around claiming benefits may change frequently so may differ from situation to situation.
Yes, your employer can withdraw their offer at any point before you have both signed the agreement.