Our dedicated team of Employment specialists are on hand to provide you with advice on all aspects of employment law.
Negotiation and advising on Settlement Agreements
Employers will offer a Settlement Agreement when they want to terminate a contract on terms mutually agreed with you. This is so that there is a clean break with no opportunity for you to take them to court or a tribunal for more money.
There is a range of scenarios in which Settlement Agreements are used. They usually apply where your employer does not want to follow what could be a long, drawn-out process, such as a performance review or a full redundancy process, before being able to terminate. Also, where you already have issues about discrimination or have raised a grievance, your employer may want to circumvent a claim for constructive dismissal and/or discrimination.
Settlement Agreements costs
Your employer should expect to pay a contribution towards your legal fees of between £350 and £500 (plus VAT) depending on the complexity and breadth of the issues. This is likely to cover all your legal fees in a straightforward matter. In some cases, your employer may pay up to £1,500, particularly if there are complicated post-termination covenants or a second signing is required where you are working your notice.
We always try to cover our fees by seeking payment from your employer rather than from you. Call (02071933839) or email us (email@example.com) to get started!