Compromise Agreements
This is a legally binding agreement between employee and employer. Compromise agreements are used where there is a termination which could give rise to a claim at the Employment Tribunal. They are becoming more commonplace in redundancy situations. The employer will usually give the employee cash and in return the employee waives their right to make a claim. The agreements allow you to have the matter dealt with quickly and at no cost to you (as the overwhelming majority provide for the employer to pay the employees legal fees) and negate the need to go through a lengthy and costly Employment Tribunal.
The terms of a Compromise Agreement stipulate that you must have the document and its contents explained to you by an independent solicitor ensuring that you are fully aware of what you are signing. Here at Ashton Morton Slack we have advised on many Compromise Agreements and therefore if you are seeking an independent solicitor do not hesitate to contact us.
We are happy to have an initial telephone discussion without charge on any matter. We aim to have a clear and flexible approach to funding options, therefore we can provide an outline of what the estimated cost may be at the outset. This allows you to assess at an early stage whether it is financially viable to pursue the matter. For more details on the funding options available please click here.
If you would like expert legal advice on any matter relating to employment law please contact Ashton Morton Slack on 0114 228 6235 or email our solicitors by clicking here.
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