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A settlement agreement allows an amicable exit from your employment. Settlement agreements are legally binding and require independent legal advice before signing. If you have been offered a settlement agreement in Burnley, get expert advice on the settlement agreement and your legal rights to ensure you are making an informed decision.
Get 15-minutes free initial advice during a phone call with employment law specialist, this is an opportunity to ask any urgent questions and receive free advice.
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Employment settlement agreements (formerly known as compromise agreements) are a legally binding agreement made between an employer and employee. These are usually offered shortly before or after the end of an employment relationship, because the employee wants to terminate your contract on mutually agreed ground.
The rules of a settlement agreement is an agreement that the employee will receive the sum of money agreed, but also must agree not to bring a legal claim against their employer for reasons such as: unfair dismissal, breach of contract or employee discrimination. Generally speaking, it is a method of avoiding any conflict after leaving employment. Seeking expert advice from settlement agreement solicitors in Burnley can ensure that you fully understand your rights and secure the best possible outcome.
You don't have to 'be in the wrong' for an employer to offer a settlement agreement, employers can offer a settlement agreement for a variety of reasons, including:
Dealing with any of the above situations could lead to a messy break away from the company, therefore settlement agreements are most commonly brought by the employer because they are wanting to ensure your break away from their company is 'clean' and avoid the potentially costly and lengthy court proceedings.
If you're in Burnley and facing any of these circumstances, seeking support with employment settlement agreements can help you navigate the process. A settlement agreement enables the employment to end quickly, on agreed financial terms. In most circumstances, the result of a settlement agreement mostly provides a win/win situation for both parties without the additional stress.
If you're facing an imminent problem, a member of our experienced team near Burnley are on hand to provide free initial settlement agreement advice. Don't be frightened to contact us because of expensive solicitor fees, all initial enquiries are completely free of charge. Get in touch with us today and we can take some of the weight off your shoulders.
Let our solicitors near Burnley help you navigate your settlement agreement.
Ellis Hass & Co Solicitors have been awarded the best Employment Law Solicitors in Solihull for the last 5 consecutive years. Providing professional legal advice and delivering a cost effective service. Enabling individuals to pursue their legal matter with the best advice.
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Given the circumstances that an employer is bringing a settlement agreement, it's likely the employer is willing to offer the employee compensation in return for an agreement not to bring a legal claim against their company.
The compensation an employer is willing to offer will be outlined in the settlement agreement. Typically, compensation can be split into financial and non-financial terms on which an employment relationship will cease.
Financial Terms include:
Wages
Redundancy Pay
Holiday Pay
Bonus Pay
Any other involvement with money
Non-Fiancial Terms include:
Ongoing ownership of a company vehicle
Ongoing ownership of a work device (laptop or mobile)
Ongoing use of company benefits e.g. gym membership and/or health insurance
Provided with a strong employment reference
It is essential that employees receive legal advice on the terms and effect of the Settlement Agreement prior to any legally written agreements can be made. An experienced Employment Solicitor will be able to provide on-going advice to ensure you are not settling for anything less than the best possible outcome.
It provides a clean amicable break between both parties, a sum of money to help with moving on and a job reference.
Employment Law is complex, therefore having a solicitor to help guide you through the process as smoothly as possible.
Usually the claim will need to be made within 3 months of the "effective date of termination".
You can’t be made redundant because you are pregnant. However if other redundancies are made and you are selected for reasons not regarding your pregnancy you can be made redundant.
An employment tribunal is less formal than court, but is a way to settle employment disputes.
Without seeing your proposed settlement agreement first, it is difficult to say.
In some scenarios we have been able to help people obtain more from their settlement agreements.
Our employment solicitors can review your settlement agreement to determine if you could be entitled to more, for initial advice, arrange a free call with us.
Once you have been provided with a settlement agreement, you are instructed to find an independent solicitor.
Your employer may be required to contribute to cover the expenses for your solicitor fees either partially or in full.
For further advice regarding cost and coverage within the agreement, arrange a free call with our employment solicitor for advice.
Getting your fresh start has never been easier, simply, seek advice from our employment law solicitors in Burnley and receive the right support for you.
Our experienced team in Burnley provide professional guidance, so you can receive the support you need. Our qualified solicitors offer continued support and free advice for you in Burnley.
We have been rated as one of the 3 Best Rated Solicitors in the best business awards for 5 years running.
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Get expert advice from our employment law solicitors to get the initial advice and guidance you need to navigate your employment law matter.
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