Settlement Agreement Solicitors Manchester
If your employment is being terminated, you’re being made redundant or being asked to leave your job, there’s a good chance you’ll be asked to sign a settlement agreement (previously known as a compromise agreement).
Use our simple on-line Settlement Agreement enquiry form
Read the ACAS code of practice on Settlement Agreements and ACAS guide to settlement Agreements
A settlement agreement is a way for employers and employees to achieve a ‘clean break’ when terminating a contract of employment or resolving a dispute. It sets out what you will receive from your employer – like a severance payment - and what you can or cannot do in return. You must take independent legal advice from a lawyer for a settlement agreement to be valid, but the employer will normally pay for this.
At Lyons Wilson solicitors in Manchester, our lawyers are specialists in settlement agreements. Our expert settlement agreement team is highly experienced, acting for both employees and employers. This means that as well as advising you on what’s included in your settlement agreement, we can also advise you on what’s been left out – which can be crucial.
Our team of settlement agreement solicitors can advise you on the fairness of the compensation your employer is offering and the reasonableness of the terms. They can also make sure that the settlement agreement is correct and legally compliant, and review alternative courses of action, such as pursuing a claim through the Employment Tribunal. What’s more, our fees will almost always be paid by your employer, so you won’t be left out of pocket.
To find out how our settlement agreement solicitors could help you, speak to a member of our employment team on 0161 830 7777 or email email@example.com.
What is a settlement agreement (compromise agreement)?
A settlement agreement is a legally binding agreement between an employer and an employee. They are used in a variety of circumstances, most often in redundancy or severance situations, to legally terminate a contract of employment. They usually commit the employer to paying compensation to the employee. In return, the employee waives their rights to bring any claims against their employer, such as unfair dismissal or discrimination claims. Settlement agreements are recognised by law and are the only way employees can legally ‘contract out’ of their employment law rights. They are also sometimes called termination settlements.
How do settlement agreements work?
For a settlement agreement to be valid, your employer has to make sure you receive independent legal advice before you sign it, to ensure you fully understand the implications. Once you’ve signed the settlement agreement, you won’t be able to bring any claims against your employer about your employment or the way you were treated. That’s why it’s so important to obtain specialist legal advice on your settlement agreement from an experienced team of settlement agreement solicitors like Lyons Wilson in Manchester.
What are the benefits of a settlement agreement?
- A settlement agreement provides certainty for both yourself and your employer. You know exactly how much compensation you will receive and when, while your employer is reassured that no legal claims will be brought against them.
- A settlement agreement guarantees that you receive a set amount of money as compensation for losing your job. In contrast, if you wanted to bring an employment law claim against your employer, there is no guarantee you would be successful.
- Bringing a claim in an employment tribunal is also a lengthy and stressful process, whereas a settlement agreement is a relatively speedy, straightforward legal process, which minimises the risks and uncertainty.
How can we help with your settlement agreement?
If you have been offered a settlement agreement to sign, please contact us first. We currently advise clients all over the UK on settlement agreements, in person, over the telephone, or a combination of both. You will be advised by an experienced, qualified solicitor who will provide solid, straightforward legal advice on your settlement agreement based on your specific circumstances.
For more information on settlement agreements and what they mean for you, simply call us on 0161 830 7777 or fill out our online enquiry form and one of our team will be in touch promptly.