We regularly advise a number of clients, from public and private sector employees to directors, shareholders and professional athletes. We may be ordered not only to discuss the terms themselves, but also to negotiate higher billing amounts. A settlement agreement is a legally binding agreement that allows the worker to obtain an agreed tax-exempt package. In return, the employee undertakes not to pursue his case before a labour court or civil courts. In addition, it is also possible to include an agreed reference in the transaction agreement. Employers usually insist on certain formalities when they reach an agreement. This usually means that the employee must seek independent legal advice from lawyers for settlement agreements to ensure they understand the terms. A properly crafted and negotiated settlement agreement can be a very effective way to ensure that you are properly compensated for the termination of your employment relationship, without having to formally claim your employer. A settlement agreement is a formal document in which a worker formally undertakes not to pursue certain legal claims of the Labour Court against his employer as a general rule against a dismissal payment of any kind. It is used most often (but not always) in a situation where an employee`s employment relationship ends in order to record the employee`s departure conditions and ensure that the relationship is final. As a general rule, your employer will contribute to or cover your expenses. We are specialist lawyers for settlement agreements with offices in Manchester, Liverpool, Wilmslow, Cheshire and across the country. We help and assist both employers and workers in resolving their labour law issues, including through a conciliation agreement in which we have extensive expertise and experience.
We are members of the Employment Lawyers Association and are considered leading experts in the field of settlement agreement advice. In addition to offices in Wilmslow, Cheshire, Manchester and Liverpool, we have a network of 34 offices across the country, where we meet clients in relation to their transaction agreement. If your employer uses a settlement agreement or a compromise agreement instead of a redundancy package, it is important that you understand what your rights are and how the dismissal process works. Redundancy only happens if your work disappears and is not the same as being fired for other reasons. You are entitled to a minimum sending time and a statutory redundancy payment, depending on the length of your stay in the company and your age at the time of your dismissal. Click here to learn more about the redundancy process. Yes – You don`t need to wait for your employer to offer you a settlement agreement, you can take the first step. For more information, please see: What is a transaction agreement? If you are a worker and your employer has presented you with a settlement agreement (formerly known as a compromise agreement), JMW is here to help.
Our specialized team of labor law specialists regularly advises employees on termination agreements of all values and complexities and is experienced in guiding you through an often stressful time. . . .