News Flash: Have you been offered a settlement by your employer?

Whether you're facing redundancy, resolving a workplace dispute, or simply parting ways with your employer, a settlement agreement can be a powerful tool to protect your rights and bring clarity to the process. 

What is a Settlement Agreement?

A settlement agreement is a legally binding contract between an employer and employee. It typically involves the employee agreeing to waive certain legal claims (like unfair dismissal or discrimination) in exchange for compensation or other benefits.

These agreements are common in situations such as redundancy or restructuring, disputes over pay, hours or treatment, exit packages for senior staff and avoiding lengthy tribunal proceedings. 

How can Buxton Coates Solicitors help you? 

It is essential that you receive independent legal advice before signing the Settlement Agreements which ensures you understand what rights you are giving up, the agreement is fair and enforceable, and you are not pressured in accepting unfavourable terms. 

You should note that your employer usually covers the cost of this advice, which is a legal requirement in the UK.

Furthermore, Settlement Agreements aren’t one-size-fits-all. You may be able to negotiate:

• A higher payout

• Better reference wording

• A later termination date

  
  

Please contact our Employment Team on 0330 088 2275 or employment@buxtoncoates.com for more information on how we can assist you.