Settlement Agreements (until recently called ‘Compromise Agreements’) are agreements that bring the employment relationship to an end on certain terms. Once such an agreement has been reached, the individual employee no longer has the right to bring a claim to the Employment Tribunal about issues covered in the agreement.
At RG&Co our friendly, professional staff can advise employees on Settlement Agreements on redundancy. Such an agreement usually provides for some sort of payment to the employee. Legal advice is usually free for the employee, as the employer should cover the cost. We can help you to get a fair deal from your employer, and explain any legal jargon so that you fully understand your agreement.
However, please be aware that Settlement Agreements are only legally valid if the employee has received independent advice on the terms and effect of the agreement.