Best Discrimination Solicitors in Maidenhead

What is a Settlement Agreement? Settlement Agreements - Barrett and Co Solicitors, ReadingA Settlement Agreement (previously known as a “Compromise Agreement”) is a legally binding agreement following the termination of your employment. Settlement agreements are often given to employees when they are being made redundant. However, they can also be offered to employees if an employer thinks they are performing badly in their job or are guilty of misconduct. In some cases, an employee will be aware that their boss is unhappy, while for others, being offered a settlement agreement can come as a shock. Essentially, an employee is given money or severance pay in return for not bringing a claim against their employer. Each settlement agreement will vary but usually the documents will include clauses that deal with: the claims to be settled; the payments you will receive and the relevant tax issues; a confidentially/gagging clause (so you can’t bad mouth your employer) and any agreed reference from your employer. Once signed by both the employer and the employee and certified by an independent solicitor, a settlement agreement becomes legally binding. When you want help with employment law, talk to Justin Sadler, one of the highest rated employment solicitors in the Thames Valley. He offer a fixed fee consultation for £95 which can often result in solving your problems and higher compensation.